Daily Market Report

Democrats in the house are quickly moving on President Biden’s $1.9 trillion COVID-19 stimulus legislation, with the hope of a floor vote. . . .Barry Stuppler

Today, it was reported that the U.S. unemployment rate dropped to 6.3% which caused the U.S. Dollar Index to fall. . . . .Barry Stuppler

A combination of a higher U.S. Dollar Index (over 91.50) and a spike up in the 10-Year Treasury rate has caused Gold. . . .Barry Stuppler

Gold has spent most of the day in a tight range between $1,830 and $1,840 per ounce. After yesterday, this would. . . .Barry Stuppler

Gold is definitely not the lead precious metal, as Silver sold off today, the Gold price reached a low of $1,829. . . .Barry Stuppler

Gold rallied this morning, as Silver led the way. Gold reached a high of $1,871 before seeing selling. The frenzy in the Silver. . . .Barry Stuppler

Lead by a very strong Silver price increase, Gold reached a high this morning of $1,876 per ounce, before seeing profit-taking. . . .Barry Stuppler

Gold rallied with Silver this morning reaching a high of $1,865 before seeing a lot of volatility and short-term profit-taking. . . .Barry Stuppler

Gold tested support this morning, reaching a low of $1,830 per ounce before seeing bargain buying. Today’s strong U.S. Dollar. . . .Barry Stuppler

Gold appears to be forming a firm base as it trades in a tight range between $1,850 and $1,860 per ounce, both in overseas. . . .Barry Stuppler