Daily Market Report

Right now, with the U.S. Dollar’s strength (96.40 U.S. Dollar Index), Gold is trying to stay above $1,230 per ounce level . . . .

Gold reached a high of $1,243.50 per ounce before seeing short-term profit taking . . . .

Today, Gold traded between $1,230 and $1,239 per ounce, closing at the lower end of the trading range . . . .

After reaching the break-out price of $1,240 per ounce yesterday, Gold is seeing some short-term selling this morning . . . .

Gold continued its break-out rally this morning, reaching $1,240 per ounce on Asian and European markets . . . .

The U.S. Dollar Index is approaching 96 and a 10-year Treasury Bill is at 3.20%, both are putting pressure on the Gold price . . . .

This is the seventh day in a row that Gold has traded in the $1,220 to $1,230 per ounce level and closed within that range . . . .

Gold traded between $1,220 and $1229 per ounce again today . . . .

Today, Gold has traded between $1,220 and $1,229 per ounce . . . .

On fresh buying Gold hit a high today of $1,233 per ounce, before seeing some short-term profit taking . . . .