Daily Market Report

The Trump Tax-Reform legislation passes and Gold is staying in a tight $5 high/low price range . . . .

With the new Trump Tax Bill nearing the final steps of passing it is still not clear to everyone what exactly to expect . . . .

Gold is trading today in a very narrow $6 high/low range, from $1,265 to $1,259 per ounce . . . .

Gold rallied in Asian markets, reaching a high of $1,265 per ounce before seeing selling on light volume . . . .

The focus of most of the financial markets today is the tax reform plan coming out of congress later this afternoon . . . .

Gold rallied yesterday after the FOMC statement was released . . . .

Gold hit $1,251 this morning, before seeing some selling. The markets are awaiting the Fed statement . . . .

In Asian, European and U.S. commodity markets Gold moved down slowly, reaching a low of $1,236 per ounce . . . .

Gold rallied in Asian markets, reaching a high of $1,252 per ounce, before seeing selling on light volume . . . .

U.S. equity markets and the U.S. Dollar continue to rally, putting pressure on precious metals . . . .