Daily Market Report

Gold immediately rallied $12 per ounce in late trading yesterday on the following news . . . .

A stronger U.S. Dollar and an up-tick in interest rates kept Gold on the defensive this morning . . . .

After a Gold rally that lasted seven consecutive days, with Gold moving up over $40, its taking a breather today . . . .

As the U.S. Dollar Index continues to fall (93.65), Gold continues to move higher . . . .

Yes, as hoped the price of Gold broke back above the key $1,250 per ounce resistance level this morning . . . .

The Gold price has moved up gradually, from July 7th at $1,212 per ounce to today with Gold trading at $1,246 per ounce . . . .

Asian and European trading kept the price of Gold virtually unchanged . . . .

The Gold rally continues for the third straight day, up another $8 today on active trading . . . .

Lower 10-year U.S. Bonds and a lower U.S. Dollar Index are helping Gold move above the $1,230 level today . . . .

A disappointing June Consumer Price Index report showing that retail sales were unchanged caused a rally in Gold and Silver today . . . .