Daily Market Report

This morning the U.S. Commerce Department released the personal consumption expenditures price index numbers for June. . . . Barry Stuppler

Gold briefly broke below the key $1,900 support level, reaching $1,892 before the major buyers appeared. . . .Barry Stuppler

The more Federal Reserve Chairman Powell talks about increasing interest rates, the more pressure is put on the value of precious metals. . . .Barry Stuppler

Today, the Gold price rallied during Asian and European overnight trading . . . .Barry Stuppler

This morning Gold reached a high of $1,934 on a weaker dollar and geopolitical uncertainty. . . .Barry Stuppler

In overnight European trading, a major buyer appeared (possibly a central bank) and drove the Gold price up $25 . . . .Barry Stuppler

In overnight trading, both the British and Swiss Central banks increased their interest rates, which drove precious metal prices lower. . . .Barry Stuppler

Federal Reserve Chairman Powell testified to Congress today. . . . .Barry Stuppler

It was reported this morning that the Chinese economy is slowing and the recovery is losing momentum. . . . Barry Stuppler

In overnight trading Gold firmed up above the key $1,950 support level. . . .Barry Stuppler