Daily Market Report

Last night in overseas trading, Gold traded between $4,322 and $4,384 as the Gold market builds excellent price support after last week’s high volatility... Barry Stuppler

Gold is finding excellent price support and demand in overseas and U.S. markets... Barry Stuppler

Sizeable Gold buying hit the London market in late trading this morning... Barry Stuppler

Gold started the day moving above $4,300 and reached a high of $4,361 per ounce... Barry Stuppler

With gas and oil prices reaching record highs and traders believing that the Fed will raise interest rates by ¼ point tomorrow, the Gold price is under pressure... Barry Stuppler

With oil and gas prices reaching record highs and the 10-year Treasury yield hitting 5% in early U.S. trading, Gold reached a low this morning of $4,253 per ounce... Barry Stuppler

The U.S. Bureau of Labor Statistics announced today that the Consumer Price Index (CPI) rose 0.4% in August... Barry Stuppler

Today, it was reported that the August PPI (Producer Price Index) rose 0.4% on the month and 5.4% from a year earlier, with core producer prices up 0.3% on the month and 4.7% year-over-year. Goods inflation jumped 4.2% in energy and a 24.1% surge in diesel fuel... Barry Stuppler

As the U.S. Treasury aggressively buys more bonds, the U.S. dollar is weakening... Barry Stuppler

This morning, Qatar’s Foreign Ministry spokesperson told US media that opening the Strait of Hormuz is a priority, as the world faces an "industrial catastrophe" if the crisis continues... Barry Stuppler