Daily Market Report

Exciting day… Our President raised aluminum/steel tariffs on Turkey, which caused a Turkish currency crisis. The U.S. Dollar index soared above 96 this morning (14-month high) then Gold, currency, and equity markets sold off . . . .

As the Trade War continues to dominate the news, the U.S. Dollar continues to make new highs, with the Index at a new 2 year high of 95.50 . . . .

While increasing trade war tariffs and the strength of the U.S. Dollar dominate the news, Gold continues to stay at a ridiculously low price . . . .

The U.S. Dollar is staying strong and the Gold price is staying weak . . . .

Gold opened higher in Asian markets, reaching a high of $1,218, then sellers came in, driving down the price . . . .

This morning there was sizeable bargain buying in the Asian markets, with Gold rallying to a high of $1,220 per ounce . . . .

Continued concerns over a trade war with China are driving the value of the U.S. Dollar higher . . . .

Gold opened near the highs of the day at $1,225 and sold off, reaching a low of $1,216 before finding bargain buyers . . . .

Short covering and bargain buying has caused Gold to rise slightly in early US trading . . . .

The yellow metal is up from Hong Kong trading hours, but is still just slightly down from yesterday . . . .