Daily Market Report

Today is a fascinating day for Gold. The reserve currency of the world is hitting a year low . . . .

Today we are seeing Gold trade in the same basic range as on Friday . . . .

The Gold market tested the July 3rd $1,237 low this morning and held. Both physical and futures contact demand was strong . . . .

Gold reached a low of $1,241 in early trading before seeing bargain buying. Here are two very intuitive and thought-provoking articles on Gold demand and supply . . . .

Today’s escalation in the Chinese trade war is turning into an economic boom in China . . . .

Gold briefly broke down below the $1,250 per ounce support level in early trading, but quickly regained the momentum . . . .

The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets . . . .

Gold has stayed in a very tight $6 high/low trading range all day, between $1,253 and $1,259 per ounce . . . .

It appears that Tuesday’s low of $1,237 per ounce for Gold was too tempting for Central banks to ignore . . . .

Gold opened in Asian markets this morning at $1,238, hit a low of $1,237, then a major buyer appeared at that price . . . .