Daily Market Report

Inflation concerns fired up this morning as the Oil price increased 3%. This is the highest price for Oil since . . . .

Today Gold was locked into a $5 high/low trading range, between $1,272 and $1,277 per ounce. Gold needs to break . . . .

Gold traded between $1,272.70 and $1,279 this morning, a very tight high/low spread. A strong Euro could drive the U.S. Dollar . . . .

A stronger U.S. Dollar Index, based on a pending announcement regaurding the U.S. – China trade agreement, combined with a story

Gold tested support this morning, reaching a low of $1,281 before major buying appeared . . . .

After yesterday’s $17 price drop Gold has returned to a tight trading range between $1,288 to $1,295 per ounce. It appears . . . .

This morning it was reported that in March U.S. jobless claims fell (lowest level since 1969) and the Producer price index increased. These two . . . .

Many of the professional traders who shorted Gold at $1,300 are now covering those short-sells. That buying is helping . . .

As the U.S. Dollar drops in Asia and Europe, Gold is back on track. Gold is trading above the $1,300 level for . . . .

This morning, China reported it purchased 11.2 tonnes of Gold in March. This is the fourth straight month China has increased its Gold reserves . . . .