Daily Market Report

A rally in the U.S. Dollar and interest rates has caused a lower Gold price today . . . .

The U.S. Dollar continues to decline . . . .

As the U.S. Dollar hits a 3-year low, and Treasury Secretary Mnuchin stated “a weaker dollar is in the best interests of our economy” the stage was set for a higher Gold price . . . .

Gold continues its gradual move higher, reaching a high of $1,339 per ounce today . . . .

The U.S. Government shutdown is not having any affect on precious metal markets. Gold is trading in a narrow $8 high/low range . . . .

Gold is working its way higher within its $1,320 to $1,350 trading range. Asian, Middle Eastern and European commodity markets are clearly the leader in the current Gold rally . . . .

After the recent $80 rally, Gold is consolidating in a tight trading range between $1,320 and $1,350 per ounce . . . .

Today, Gold had a $13 high/low range, from $1,331 to $1,344 per ounce . . . .

After trading at over $1,340 per ounce in Asian and European markets during the holiday weekend, Gold sold off in U.S. markets . . . .

The gold demand continues in Asian, Middle Eastern and European markets as the price reaches a 4-month high of $1,337 per ounce . . . .