Daily Market Report

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

This morning the Biden administration is proposing its $1.9 trillion COVID-19 relief legislation and the Gold price reached a high. . . .Barry Stuppler

Concerns about the timing of any passage for the $1.9 trillion COVID-19 stimulus relief legislation has. . . .Barry Stuppler

As the new administration comes in with executive orders and new members of the Biden’s Cabinet and new. . . .Barry Stuppler

After yesterday’s testimony from our new Treasury Secretary Janet Yellen saying she didn’t support a strong dollar. . . .Barry Stuppler

This morning on Asian and European commodity exchanges opened higher on excellent volume. The Gold price. . . .Barry Stuppler

A rally in the U.S. Dollar Index (90.70) and a uptick in the 10-Year Treasuries (1.15%) caused by decline in December U.S. retail sales numbers . . . . Barry Stuppler

The U.S. Dollar Index is staying above 90, 10-Year Treasuries remains above 1% while Gold is just staying in the $1,850 neighborhood . . . . Barry Stuppler

The 10-year Treasury yields dropped from a 10-month high today. This helped pull down the U.S. Dollar Index. . . .Barry Stuppler