Daily Market Report

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

Gold moving higher this morning, back above $1,970 per ounce. It appears that Gold is headed for its best month since March . . . .Barry Stuppler

Gold moved back above the key $1,950 support/resistance level this morning. . . .Barry Stuppler

Gold sold-off this morning on the report of an 4.7% increase the U.S. Durable Goods orders of June. . . .Barry Stuppler

Gold traded between $1,963 and $1,975 in Asian, European and U.S. Markets as we await the announcement from the Federal Reserve on Fed Funds rate. . . . Barry Stuppler