Daily Market Report

After Trump signed the $908 billion COVID-19 stimulus bill into law last night, the Silver and Gold price started moving higher. . . .Barry Stuppler

Political arguments about the pending COVID-19 relief legislation is causing uncertainty in Washington D.C. . . .Barry Stuppler

Today’s inflation data caused the U.S. Dollar Index to drop, which helped the Gold price move higher. However, concerns. . . .Barry Stuppler

The U.S. Dollar Index continues to increase on the coronavirus variant news in Europe. It appears that Gold will be trading in range. . . .Barry Stuppler

After an agreement was reached on the $908 billion stimulus bill was announced last night Gold rallied. . . .Barry Stuppler

Gold is firming up with a new trading range between $1,870 and $1,900 per ounce today. On Tuesday, when Gold. . . .Barry Stuppler

The U.S. Dollar Index breaking below 90, reaching a low 89.75, gave fuel to the precious metal markets. . . .Barry Stuppler

A combination of a weaker U.S. Dollar Index (90.25) and renewal of serious congressional discussions on the $900 billion. . . .Barry Stuppler

It appears that Gold may have bottomed out yesterday after hitting the $1,820 level. With the U.S. Dollar Index. . . .Barry Stuppler

Gold found support this morning in the $1,820 per ounce level, as we await any news from Congress about a stimulus bill. . . .Barry Stuppler