Daily Market Report

A combination of a weaker U.S. dollar and lower yields on U.S. Treasuries fueled the raise for Gold to an all-time high. . . .Barry Stuppler

Gold briefly hit a high today of $1,904 in European trading. Demand continues to grow for popular physical. . . .Barry Stuppler

Gold made a new 9-year high this morning of $1,898 per ounce in early European trading. A weaker U.S. dollar combined. . . .Barry Stuppler

Gold broke above the $1,850 resistance level last night in Asian trading and kept on moving higher, reaching a high of $1,872 per ounce. . . Barry Stuppler

As Congress gets closer and closer to agreeing on the next $2-$3 trillion COVID-19 stimulus aid legislation. . . .Barry Stuppler

Gold has been trading in the $1,810 to $1,821 range all day. A break above $1,830 should cause an immediate run. . . .Barry Stuppler

Gold moved back over the key $1,800 level this morning on fresh buying. Gold continues moving to a new 9-year high. . . .Barry Stuppler

U.S. domestic retail sales data for June came in better than expected, which caused selling in the precious metal markets. . . .Barry Stuppler

Gold tested the $1,800 support level in Asian trading, reaching $1,801 per ounce. Demand continues to be strong. . . .Barry Stuppler

The bears took a run at the Gold price yesterday afternoon and last night during Asian trading. Gold broke below the. . . .Barry Stuppler