Daily Market Report

With professional commodity traders taking a careful look at the new Fed policies and a drop in the value. . . .Barry Stuppler

Federal Reserve Chairman Powell announced a major policy shift today, saying that the Fed is willing to allow inflation. . . .Barry Stuppler

This bull/bear Gold war continued last night in Asian and European Gold markets. The bears were able to pull the Gold. . . .Barry Stuppler

The Gold and Silver markets are looking forward to Thursday. Why? On Thursday, Fed Chairman Powell is set to deliver. . . .Barry Stuppler

Gold has found a home today between $1,925 and $1,960 per ounce, as it continues to consolidate the price. . . .Barry Stuppler

Gold reached a low of $1,916 per ounce this morning as it found fresh buying. Gold has been staying in the $1,916. . . .Barry Stuppler

Yesterday was another exciting day in the Gold market. At 11am PT yesterday Gold was trading at $1,964 per ounce. . . .Barry Stuppler

Gold has made two attempts to firmly break the key $2,000 price barrier. First, Gold reached an all-time high. . . .Barry Stuppler

In late European trading Gold reached a high of $2,016 per ounce, before seeing heavy selling that took the price. . . .Barry Stuppler

A weaker U.S. Dollar Index combined with disappointing manufacturing data out of New York state has put Gold back on the road to $2,000 an ounce . . . . Barry Stuppler