Daily Market Report

Wow, what a great day for precious metal investors . . . . Barry Stuppler

Both the Dollar and Treasury rates were down today, combined with a good jobs report, Gold moved back above the key $1,700 level on strong demand . . . . Barry Stuppler

An ugly day for precious metal owners, with both the U.S. Dollar Index and the 10-Year Treasury rate hitting new 2021 highs . . . . Barry Stuppler

This morning, Gold reached a low of $1,705 as the Dollar reached 92.96, another 2021 high . . . . Barry Stuppler

Gold traded today between $1,725 and $1,738 per ounce, as it continues to consolidate recent gains off the recent lows . . . . Barry Stuppler

A decrease of over 100,000 in US unemployment claims gave strength to the U.S. Dollar Index, almost reaching 93, another 2021 high . . . . Barry Stuppler

Although the U.S. Dollar Index made a new 2021 high of 92.60, the Gold price showed excellent consolidation above $1,720 per ounce in Asian and European trading . . . . Barry Stuppler

The U.S. Dollar Index reached a 2021 high this morning of 92.30, which caused a sell-off in the Gold price . . . . Barry Stuppler

Gold opened about $5 lower this morning, over concerns of Turkey hiring its central bank governor over the weekend . . . . Barry Stuppler

In spite of a higher Treasury 10-Year rate and a strong U.S. Dollar Index, the demand for Gold continues to drive up the price . . . . Barry Stuppler