Daily Market Report

A slightly weaker U.S. Dollar based on reports of a stronger equity market in Europe and Gold is finally on the move . . . .

Unbelievable, a $7 high/low trading range for Gold today, trading from $1,275 to $1,282 per ounce . . . .

In overnight Asian trading there was strong Gold demand, driving the price up to $1,289 per ounce for a short period of time . . . .

Finally, a weaker U.S. Dollar has helped the Gold price move back above the $1,280 per ounce level today . . . .

Gold has traded within a $5 high/low range today, from $1,275 to $1,280 per ounce . . . .

A semi-holiday Friday has led to a lower Gold price, reaching $1,274 before finding support . . . .

Today, Gold is trading in a narrow $8 range, from $1,280 to $1,288 per ounce . . . .

The U.S. Dollar Index sells off after meeting resistance at the 95.00 level and precious metals move higher . . . .

A strong U.S. currency continues to put pressure on precious metal prices . . . .

More countries buying Gold continues to dominate the bullion news . . . .