Daily Market Report

This morning we saw a crack in the strength of the U.S. Dollar and Gold rallied . . . .

Gold hit a low of $1,305 this morning in Asian trading, then, like the four previous times this month, major buyers appeared and drove up the price $10 . . . .

Gold reached a low of $1,305 this morning when it looked like the President was going to extend the Iranian Nuclear agreement . . . .

This morning, with the U.S. Dollar and interest rates moving higher, Gold is treading water and going nowhere . . . .

The U.S. Dollar continues to rally (Index over 92.50), April unemployment dropped to 3.9%, and - WHAT - Gold is higher . . . .

Gold continues to test its $1,300 per ounce support level and HOLD . . . .

This morning, with the U.S. Dollar and interest rates moving higher, Gold has been on the defensive . . . .

Gold dropped to $1,315 in early Asian trading before finding bargain buying and short-covering . . . .

Gold broke down below the $1,320 level in early Asian trading, reaching a low of $1,313 before seeing strong buying . . . .

Gold remains on the defensive as the U.S. Dollar index hit a 3 1/2 month high today, and the 10-year U.S. Treasury rate moved above 3%, the highest rate in 4 years . . . .