Daily Market Report

In overnight computerized trading, Gold prices soared to a record high briefly above $2,100 in very early Asian trading... Barry Stuppler

This morning we heard dovish comments, by Fed Chair Powell, about cutting interest rates in 2024... Barry Stuppler

Gold traded today between $2,031 and $2,044 per ounce as it builds an excellent base for the next leg higher... Barry Stuppler

U.S. Interest rates (10-Year Treasury) is currently trading at a 2-month low, under 4.28%... Barry Stuppler

Interest rates continue to drop (10-Year under 4.35%) and the U.S. Dollar Index broke below 103 this morning... Barry Stuppler

Gold firmly moved above $2,000, hitting a six-month high of $2,017 per ounce early Monday as the dollar weakened and speculation increased that the Federal Reserve would pause its series of interest rate hikes next month... Barry Stuppler

In overnight trading in Asia and Europe gold traded between $1,990 and $2,006 per ounce with average volume... Barry Stuppler

This morning the U.S. Dollar has dropped (below 103.50) and interest are moving lower (under 4.4% on the 10-Year and what happened to Gold?... Barry Stuppler

Gold traded today in Asia and Europe between $1,963 and $1,983 per ounce in light trading... Barry Stuppler

It’s Friday, and the trading floor traders need to go home flat (which means not owning or short anything)... Barry Stuppler