Daily Market Report

Gold reached a low last night in overseas trading of $4,655 per ounce on Silver’s weakness, then quickly jumped, on heavy volume, back above the $4,800 per ounce level... Barry Stuppler

This morning in overseas trading, Gold is building a base between $4,800 and $5,000 per ounce... Barry Stuppler

In overseas trading this morning, Gold moved back above the key $5,000 level in China, India, and London. Gold saw profit taking during U.S. trading and briefly dropped to $4,857 per ounce, before rallying back above $4,900... Barry Stuppler

After Gold reached a low of $4,404 per ounce during Indian trading yesterday morning, there were sizeable number of large purchases (Estimated at 20 metric tons) made on the opening of this morning's London trading... Barry Stuppler

This morning, Gold briefly broke below the $4,500 support level during trading in India, reaching $4,404 before seeing major buying in London, which immediately drove the price back above $4,500 per ounce... Barry Stuppler

Gold and Silver fell sharply today on reports that U.S. President Donald Trump will appoint Kevin Warsh as the next Federal Reserve Chairman, triggering a sharp correction after precious metals rallied to record highs on Thursday... Barry Stuppler

Gold reached another all-time high during overseas trading in India of $5,596 this morning... Barry Stuppler

What I was afraid would happen, as happened... Barry Stuppler

Yesterday, the Gold price opened at $5,010 per ounce, traded higher to $5,104, then saw profit-taking and made a low of $4,981... Barry Stuppler

The Gold price soared in overseas trading last night, reaching $5,111 per ounce during Indian trading... Barry Stuppler