Daily Market Report

Gold found fresh buying in overseas trading this morning, reaching a high of $1,862 for seeing selling, primarily in the U.S. market. . . .Barry Stuppler

This morning on Asian and European commodity exchanges the margin calls to Gold contract owners went out. This caused the. . . .Barry Stuppler

I didn’t see today’s correction coming, but a combination of a number negative issues all hit the market at the same time. . . .Barry Stuppler

Gold is holding well above the key $1,900 per ounce support level. Gold traded today between $1,905 and $1,920 per ounce. . . .Barry Stuppler

Gold reached a high of $1,959 in overseas trading before seeing a major selloff. A stronger U.S. dollar combined. . . .Barry Stuppler

Today, the Gold market aggressively attacked the next resistance level of $1,950 per ounce, reaching a high of $1,953. . . .Barry Stuppler

The new coronavirus variant is causing stricter regulations in Europe and closing down many key economies. . . .Barry Stuppler

On the last day of the year, the Gold price did reach a high of $1,901 per ounce, but couldn’t hold that level. . . .Barry Stuppler

The U.S. dollar got hammered this morning, reaching almost a 3-year low of 89.53 on the U.S. Dollar Index. . . .

The U.S. Dollar index staying above 90 and the Federal Reserve extending their Main Street lending program to January 8. . . .Barry Stuppler