Daily Market Report

Gold is feeling the pressure from its bearish slope over these past three weeks. . . .Barry Stuppler

The U.S. Dollar Index has rallied over 3% in the past few weeks, putting pressure of the price of Gold . . . .Barry Stuppler

It was reported this morning that the Consumer Price Index rose 3.2% from a year ago in July, slightly below expectations. . . . Barry Stuppler

More reports continue to come out of China showing weak economic growth. . . .Barry Stuppler

Weak economic data from China drove down the price of Gold and Silver in Asian trading this morning. . . . Barry Stuppler

Gold moved down as the dollar and treasuries gained ground in early Monday trading. . . .Barry Stuppler

The U.S. Department of Labor reported that non-farm payroll grew by 187,000 jobs in July. . . .Barry Stuppler

The Gold price is holding in a narrow range between $1,929 and $1,939, awaiting direction from July Jobs numbers. . . .Barry Stuppler

The news today was the downgrading of U.S. Debt by Fitch, this was the first downgrade by a major credit rating agency in more than a decade. . . . Barry Stuppler

The U.S. Labor Department reported today that available jobs fell to the lowest level in more than two years in June. . . .Barry Stuppler