Daily Market Report

Interest rates continue to move higher, causing the U.S. Dollar Index to reach a high of 91.44 . . . . Barry Stuppler

The U.S. Dollar Index moved back above the key 91 level this morning, causing Gold to test its $1,700 per ounce support level . . . . Barry Stuppler

After reaching a new 2021 low of $1,710 per ounce in overnight Asian trading, Gold rallied back in late European and early U.S. trading . . . . Barry Stuppler

The Gold price had a strong rally, reaching $1,761 in Asia and Europe this morning as the 10-Year Treasury reached a low of 1.38% . . . . Barry Stuppler

The 10-Year Treasury interest rates hit a 2-year high today of 1.60%, which caused the U.S. Dollar Index to rally and Gold to. . . .Barry Stuppler

As the 10-Year Treasury bills reached a one year high over 1.50%, Gold couldn’t stay above the key $1,800 level. . . .Barry Stuppler

Reports of strong U.S. Home Sales in January drove up the U.S. Dollar Index and 10-Year Treasuries. . . .Barry Stuppler

Gold briefly tested the $1,800 support/resistance level this morning, reaching a low of $1,796 before rallying back. . . .Barry Stuppler

With a weaker U.S. Dollar Index and talk of the $1.9 trillion COVID-19 relief bill in Congress, Gold started a rally in European Markets. . . .Barry Stuppler

After reaching a low of $1,764 per ounce in early Asian trading today, Gold rallied back to $1,790 before seeing selling . . . . Barry Stuppler