Daily Market Report

The global pressure on Gold continued in China and India last night, with the Gold price reaching a low of $4,306... Barry Stuppler

While I was watching Gold trade last night and early this morning in Australia, China, India, and London, the price traded between $4,098 and $4,535... Barry Stuppler

In early Friday trading, Gold moved higher following Thursday’s report of lower inflation... Barry Stuppler

A combination of the Iran war leading to an energy shortage that could cause a worldwide depression, the possibility of higher interest rates, and a very high PPI has led to Gold dropping $400 in the past two trading days... Barry Stuppler

This morning, the producer price index (PPI) report was released, showing a seasonally adjusted 0.7% increase on the month... Barry Stuppler

Gold’s fight to stay above the key $5,000 continued last night during overseas trading... Barry Stuppler

While I was watching Gold trade last night and early this morning in Australia, China, India, and London, the price traded above and below the key $5,000 six times... Barry Stuppler

In overnight trading, Gold showed excellent support in China, India, and London, staying over $5,100 per ounce... Barry Stuppler

Initial claims for state unemployment benefits came in at seasonally adjusted 213,000 for the week ending March 7, the Labor Department announced today... Barry Stuppler

Gold dropped $50 on reports that the International Energy Agency was coordinating a global release of oil reserves to temper the supply shock from the Iran war’s closure of the Strait of Hormuz, which has spurred energy prices this week and roiled markets worldwide... Barry Stuppler