Daily Market Report

Resilience is the word for Gold this week. We started the week at $2,311 per ounce....Barry Stuppler

Yesterday during Fed Chairman Powell’s press conference, he made it clear that the Federal Reserve was looking at only one Fed Funds drop for 2024....Barry Stuppler

It was reported this morning that U.S. consumer inflation for May was unchanged....Barry Stuppler

Traders are waiting for Inflation and any change in the Federal Reserve’s policy on Fed Funds....Barry Stuppler

After last Friday's sizeable drop, Gold reached a low of $2,287 in Asian and European trading this morning....Barry Stuppler

Just-released today was the May employment report from the U.S. Labor Department.... Barry Stuppler

Based on yesterday's lower-than-expected Jobs report, the feeling is that the Federal Reserve will lower interest rates soon.... Barry Stuppler

The May U.S. Jobs numbers were released today, a key indicator of the Federal Reserve... Barry Stuppler

Gold and Silver Prices are down today following a bounce in the U.S. Dollar Index as well as a sell-off in crude oil prices... Barry Stuppler

Gold traded in a narrow range this morning in Asia and Europe. Coming into the U.S., the Gold price is at $2,338 per ounce, up $16 from Friday's NY Close... Barry Stuppler