Daily Market Report

Gold continues to trade between $1,951 and $1,966 per ounce as it awaits the announcement from the Federal Reserve tomorrow. . . .Barry Stuppler

Gold is trading in a tight range today, between $1,957 and $1,967 per ounce. . . .Barry Stuppler

The Gold price sold-off today as the U.S. dollar rebounded after the report of positive weekly U.S. jobs data. . . .Barry Stuppler

Asian and European markets were mixed in overnight trading. . . .Barry Stuppler

Overnight trading in Asia and Europe is showing excellent support for Gold in the $1,970 to $1,980 price range. . . .Barry Stuppler

Strong demand for Gold in the European market drove the price up $30 this morning to a high of $1,985 before seeing light profit-taking. . . .Barry Stuppler

This morning, during European trading, Gold reached a low of $1,945, $5 below the $1,950 support level. . . . Barry Stuppler

With this week’s Gold rally and the U.S. Dollar Index below 100, a 14-month low, this week will be the best week since April for Gold investors. . . . Barry Stuppler

This morning the Producer price Index (PPI) was reported for June and it was surprising low . . . .Barry Stuppler

Gold was moving slightly higher in Asia and Europe trading, based on a weaker U.S. Dollar. . . .Barry Stuppler