Daily Market Report

Gold continues to trade above and below the key $2,300 per ounce level.... Barry Stuppler

Gold has traded above and below the key $2,300 per ounce support level.... Barry Stuppler

Gold finally got around to testing its $2,300 support level this morning....Barry Stuppler

Over the weekend we saw weakness in the Gold price as safe haven demand lessened....Barry Stuppler

Today, the PCE price Index (Personal Income and Outlay Report) for March was released.... Barry Stuppler

Gold has found excellent price support in Asian markets above the $2,320 level....Barry Stuppler

Gold has traded today between $2,310 and $2,337 in Asian, European and U.S. markets.... Barry Stuppler

In early morning Asian trading, Gold tested its support at its key $2,300 per ounce level....Barry Stuppler

A combination of geopolitical tensions lessening and expectations growing that the Federal Reserve will delay the central bank’s planned interest rate cuts is putting pressure on the Gold price.... Barry Stuppler

Gold broke above $2,400 when then Israel attacked Iran overnight, then traded down to $2,385 as more news was released....Barry Stuppler