Daily Market Report

As the equity markets are getting pummeled, Gold is doing what it is supposed to as a safe haven investment . . . .

Many of the financial markets are closed today because of former President Bush’s funeral, however Gold is trading oversees and has moved slightly lower . . . .

Interest rates are falling – 10-year Treasuries are at 2.93%, down from 3.11% two weeks ago . . . .

The Gold markets are reacting to the positive Chinese tariff news from Argentina and quickly increased $12 per ounce (1%), trading at $1,234 . . . .

Surprisingly, Silver tested the $14 per ounce support level in early trading this morning, and held . . . .

Gold traded today between $1,220 and $1,229 per ounce, as it continues to build a firm base for a year-end rally . . . .

Chairman Powell made two comments regarding the Federal Reserve that dramatically changed the financial markets . . . .

With the U.S. Dollar index breaking above 97, we saw sellers in the precious metal markets . . . .

As the U.S. Dollar stays in the 97 range, and Bitcoin drops below $3,600, Gold is trading in the $1,222 to $1,229 trading area . . . .

Gold is trading in the same $10 High/Low range as yesterday, between $1,220 and $1,230 . . . .