Daily Market Report

Gold tested the $1,200 support level early this morning, reaching a low of $1,197 per ounce . . . .

Silver has traded above and below the important $14 per ounce support level all day . . . .

Concerns over Brexit in Britain took Sterling and the Euro lower today, driving the U.S. Dollar Index to record high . . . .

Today, it was reported that investors are making sizeable Gold ETF redemptions, which is putting pressure on the Gold price . . . .

Gold didn’t get a direction from the election and is awaiting a news event or announcement for short-term motivation . . . .

Now that the election is behind us, the financial markets have eliminated the unknown, and are back to normal . . . .

Gold tested support this morning, reaching a low of $1,223 per ounce . . . .

Gold is stuck in a tight $8 High/Low range between $1,227 and $1,235 per ounce . . . .

In late trading, major buying hit the Gold market, driving the price up to $1,236 per ounce . . . .

Today, we saw the perfect storm of bearish precious metal news . . . .