Daily Market Report

With the US Dollar hitting a 2 week high amid optimism towards the passage of the Republican backed Tax Reform plan, we saw Gold hit the $1,260 floor and break through . . . .

Gold sold-off this morning, breaking below the recent $1,270 per ounce support level . . . .

Gold tested its $1,270 support level this morning, reaching a low of $1,272 before . . . .

Gold tested its $1,270 per ounce support level this morning and quickly rallied $8 per ounce . . . .

Gold tested the low end of its recent $1,270 to $1,300 per ounce trading range this morning . . . .

After an unsuccessful attempt to break above the key $1,300 level yesterday and last night the Gold market was hit with selling . . . .

Gold has traded in a narrow $7 High/Low range all day, between $1,297.50 and $1,290.50 per ounce . . . .

With a weaker U.S. Dollar and lower interest rates, Gold opened higher, reaching a high of $1,299 per ounce . . . .

For most of today’s Asian trading, Gold stayed above the key $1,280 per ounce level . . . .

After reaching a low of $1,276 per ounce, Gold has rallied back above the key $1,280 level . . . .