Daily Market Report

As the Israeli-Hamas conflict intensifies, the precious metals moves higher, a true safe Haven investment. . . .Barry Stuppler

As the Israeli-Hamas conflict heats up, the Gold price is establishing a firm base above the key $1,850 per ounce support level.... Barry Stuppler

The Israeli-Hamas conflict in Gaza and the potential of a middle East war drove the price of Gold higher over the weekend. . . . Barry Stuppler

The U.S. Nonfarm payroll for September was released today. The 336,000 new jobs was substantially higher than the 170,000 jobs which was anticipated by the Labor Department.... Barry Stuppler

Today, Gold is trading in a narrow $10 high/low range, searching for support.... Barry Stuppler

The ADP report on employment payroll showing growth of only 89,000 jobs for September was released this morning. . . .Barry Stuppler

Last night in Asian trading, Gold reached the 2023 low of $1,818 per ounce.... Barry Stuppler

Gold reached its lowest price since March this morning, testing the key $1,850 per ounce level.... Barry Stuppler

After breaking the key $1,900 support level, Gold remains on the defensive.... Barry Stuppler

Minneapolis Fed President Neel Kashkari said late yesterday that there’s a 40% chance that the central bank will need to push interest rates “meaningfully higher” to curb inflation. This statement affected the U.S. Dollar and Interest rates, driving them higher.... Barry Stuppler