Daily Market Report

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

The U.S. Labor Department’s October employment number came in today at 261,000, making the unemployment rate only 4.1%, a 17-year low . . . .

Gold reached a high of $1,284 in early morning trading then there was some short-term profit taking and professional selling . . . .

Gold continues to stay in its recent $15 per ounce trading range from $1,266 to $1,281 . . . .

Gold continues to consolidate in a narrow $10 high/low trading range . . . .

Gold opened higher this morning on a softer U.S. Dollar and a small decline in interest rates . . . .

The Gold price is behaving amazingly strong today . . . . 

With the U.S. Dollar now trading at a 2-month high and interest rates and equity markets strong, Gold remains on the defensive . . . .

U.S. interest rates increased to a six month high today (10-year at 2.45%) and Gold remains unchanged . . . .

As our equity markets and the U.S. Dollar continue to rise, Gold is holding in a narrow trading range between $1,274 and $1,284 per ounce . . . .