Daily Market Report

Today, we saw some selling in the Gold markets . . . .

Yesterday, Gold reached a new 2017 high of $1,298.80 for the popular August CME 100 ounce Gold contract . . . .

Wow, the Gold price is moving higher at a faster rate than I expected . . . .

After moving above $1,270 late last week, Gold has moved above $1,280 per ounce this morning . . . .

Gold quickly moved above the $1,270 per ounce resistance level and kept on going . . . .

Gold continues to consolidate recent gains in a tight trading range . . . .

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 . . . .