Daily Market Report

A weak US Dollar and speculation that the Federal Reserve will be lowering interest rates in September took the Gold price up to $3,370 in London this morning... Barry Stuppler

The U.S. Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) increased 0.2% in July, after a 0.3% increase in June... Barry Stuppler

This morning, Gold traders are still waiting for clarity from Trump on Gold bars and many of the key economic indicators coming this week... Barry Stuppler

This morning, the U.S. Customs and Border Protection agency has clarified that Kilo and 100-ounce Gold bars from Switzerland, London, and Hong Kong will have a tariff... Barry Stuppler

Gold tested the important $3,400 resistance level this morning, reaching a high of $3,397.50 per ounce before seeing selling... Barry Stuppler

Gold has traded in overseas and domestic commodity markets between $3,357 - $3,386 per ounce... Barry Stuppler

Gold continued its bullish move, reaching a high of $3,391 before seeing selling.,, Barry Stuppler

In overnight trading in Asia, the Middle East, and Europe, Gold reached a low of $3,345 and a high of $3,666 per ounce, as those markets reacted to Friday’s weak Jobs number... Barry Stuppler

Gold reached a high of $3,460 on June 16 and dropped to $3,272 by July 30th... Barry Stuppler

Yesterday was an ugly day for precious metal investors... Barry Stuppler