Daily Market Report

In early morning trading in China, Gold saw some light selling, taking the price down to $2,315 per ounce. As the market rolled into Europe and the U.S.... Barry Stuppler

Gold reached $2,334 this morning in U.S. trading as U.S. Treasury yields slipped and investors await further direction on monetary policy from key inflation data due at the end of the week... Barry Stuppler

Gold prices fell to $2,321 per ounce after the latest data showed the U.S. housing market underperformed expectations in May.... Barry Stuppler

Gold moved above the key $2,350 level this morning in late European trading on excellent demand.... Barry Stuppler

Gold tested the $2,300 per ounce key support level in early Asian trading... Barry Stuppler

Gold has traded today between $2,307 and $2,333 per ounce as it sees some profit-taking from Friday’s increase....Barry Stuppler

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