Daily Market Report

Today, Gold is trading in a tight $10 High/Low trading range, from $1,330 to $1,320 per ounce . . . .

A combination of a weaker U.S. Dollar and Rex Tillerson, the U.S. Secretary of State, being fired has help increase Gold demand today . . . .

Gold dropped to $1,310 in early European trading on strong U.S. economic news and started to recover as U.S. markets opened . . . .

Interesting and unusual day. It was reported this morning that in February there were 313,000 new jobs added to the work force . . . .

Gold traded today between $1,320 and $1,330 waiting for news that would give it short-term direction . . . .

Financial markets are still reacting to the effects that the trade war would cause . . . .

On renewed global concerns over a possible trade war, there was excellent demand for precious metals in Asia, the Middle East and Europe this morning . . . .

Gold continues its Friday rally, reaching a high of $1,328 in Asian and European trading . . . .

The question of the day is, would a trade war based on protectionism be bullish for Gold? . . . .

Federal Reserve Chairman Powell is back in Congress today, talking and taking questions with Senators about the economy and Fed policies . . . .