Daily Market Report

The Gold price stayed above $4,970 per ounce in overseas trading this morning... Barry Stuppler

Last night, after seeing Gold closed at $4,897 in the U.S., Gold started moving higher on bargain buying... Barry Stuppler

In overseas trading last night, the Gold price started moving lower in China and again in India, reaching a low in India of $4,841... Barry Stuppler

After Gold closed at $4,931 yesterday in the U.S., the price started moving higher in China to $4,975, and by the time it opened today in the U.S., Gold was back over $5,000 per ounce... Barry Stuppler

Gold stayed above $5,000 per ounce today; the price range in overseas trading was between $5,017 and $5,118 per ounce. . . . Barry Stuppler

Gold briefly tested the $5,000 level in India, dropping to $4,988 before quickly moving back above $5,000 per ounce . . . . Barry Stuppler

A very explosive issue is the potential for China to move against Taiwan... Barry Stuppler

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