Daily Market Report

Gold is up about 10% this year while the U.S. Dollar has declined more than 5.5% over the same period . . . .

Gold is trading between $1,260 and $1,270 per ounce on normal volume . . . .

Gold opened higher in Asian markets and kept moving up . . . .

Gold is trading in a narrow $6 high/low range today, between $1,260 & 1,254 per ounce . . . .

Yesterday, concerns that the Federal Reserve minutes could show an interest rate increase in June caused Gold to test the $1,250 support level . . . .

Gold has traded in a tight $11 high/low base building range today . . . .

Gold’s rally continued this morning, with Gold hitting $1,263 per ounce, as the U.S. Dollar continues to decline . . . .

After an exciting week for Gold owners, with a $35 rally, Gold is settling into a nice trading range . . . .

After yesterday’s $21 rally on top of Gold’s $20 increase in the previous five days, it’s time for a small bit of consolidation . . . .

The markets are reacting to the turmoil with the equity markets falling, U.S. Dollar Index breaking below the 98, and 10-year Treasury bond yields dropping . . . .