Daily Market Report

A weaker U.S. Dollar index combined with a continued sell-off in the world’s equity markets drove Gold up to $1,233 per ounce in early Asian trading . . . .

Gold has traded above and below the key $1,220 breakout level today, reaching a high of $1,223 and a low of $1,215 . . . .

Today, Gold showed why it is called the ultimate safe haven investment, as the world’s equity markets are dramatically dropping the experienced investors ran for Gold . . . .

Today, the DJIA is down over 400 points and we are likely to face increasing volatility in the U.S. equity markets as no progress is seen in the U.S.-China trade negotiations . . . .

With some mild short covering today in the futures markets it feels like the day traders are coming back in and covering their positions . . . .

Gold saw selling in the Far East this morning, driving the price down to . . . .

The Labor department announced that the unemployment rate reached 3.7% in September, a 50 year low . . . .

Based on a strong economy and the Federal Reserve planning to raise interest rates in December, the 10-Year Treasury reached 3.19%, the highest since 2011 . . . .

A higher U.S. Dollar Index is causing Gold to trade above and below the important $1,200 per ounce resistance/support level this morning . . . .

Today, Italy stated that they are thinking about increasing spending and cutting taxes to stimulate the economy . . . .