Daily Market Report

We continue to see light profit-taking from investors after Gold reached a 1 year high last Friday . . . .

Gold continues its price consolidation while building a nice base today between $1,322 and $1,329 per ounce . . . .

Gold sold off today as the Dollar and interest rates recovered from recent lows . . . .

Gold hit a new one-year high this morning of $1,357.30, then sold off on Friday trading to $1,343 . . . .

Gold took its first run at the next resistance level of $1,350 per ounce, reaching a high today of $1,349.50 . . . .

Gold continues to stay in a very bullish tight trading range today, from $1,332 to $1,342 per ounce . . . .

As the U.S. Dollar and interest rates continue to drop, Gold is trading in a narrow $12 high/low range from $1,328 to $1,340 per ounce . . . .

The U.S. economy is moving along with the August Jobs report being released today by the Labor Department . . . .

This morning Gold saw a test of the $1,300 support level, reaching a low of $1,300.90 per ounce . . . .

Gold is showing a little consolidation between $1,305 and $1,314 per ounce . . . .