Daily Market Report

Gold is up today, the fifth day in a row, reaching a high of $1,239 per ounce . . . .

Gold rallied this morning as we saw continued weakness in the U.S. Dollar . . . .

A combination of a weaker U.S. Dollar and weekend short covering has caused Gold to rally $5 . . . .

Gold tested Tuesday’s low of $1,216 this morning an held . . . .

After reaching a low of $1,214 per ounce yesterday, worldwide bargain buying started . . . .

A continuation of a stronger U.S. Dollar and higher 10-year Treasury yields put pressure on the Gold price today, driving it down to $1,216 per ounce . . . .

The Gold market is showing excellent price support above $1,226 per ounce, after last week’s decline . . . .

Gold is treading water in the $1,226 to $1,236 price range, awaiting direction from the results of Sunday’s French election . . . .

Gold broke below the key $1,250 support level late yesterday . . . .

Today’s Federal Open Market Committee meeting is negatively effecting the price of Gold . . . .