Daily Market Report

Today Gold has traded above and below the important $1,200 per ounce support level . . . .

A low U.S. Dollar index helped Gold stay above the important $1,200 per ounce level today . . . .

Gold is staying in a narrow trading range above the key $1,200 per ounce level, trading between $1,207 and $1,215 on normal volume . . . .

This morning, Gold tested the $1,200 per ounce support level, reaching a low of $1,203 . . . .

Recently the value of the U.S. Dollar has pretty much dictated the direction of Gold prices . . . .

Gold appears to be forming a trading range between $1,180 and $1,200 per ounce . . . .

Gold briefly broke above the $1,200 resistance level this morning, reaching $1,202 per ounce . . .

Demand for Gold is picking up and so is the trading volume and price . . . .

Gold moved higher late Friday in U.S. after-market transactions and traded between $1,182 and $1,190 per ounce this morning in Asian and European trading . . . .

Today Gold has traded between $1,170 and $1,180 per ounce, as it stabilizes from a week of high volatility . . . .