Daily Market Report

This morning economic reports were released from China showing a sizeable slowing in demand and in their economy, this news took the Gold price lower.... Barry Stuppler

Gold had a large trading range today, from $1,942 per ounce to $1,971.... Barry Stuppler

Gold fell below the $1950 support level this morning following a release of weak economic data out of China....Barry Stuppler

After reaching a low of $1,937 yesterday, Gold is building support and an excellent base above the key $1,950 price level.... Barry Stuppler

Gold reached a low of $1,937 this morning as a reaction to last week’s Non-Farm Employment numbers, a strong Dollar, and higher 10-Year Treasuries.... Barry Stuppler

The May Non-Farm Employment numbers were reported this morning. The report showed an increase of 339,000, compared to the 190,000 that was forecasted.... Barry Stuppler

Both the U.S. Dollar Index and U.S. interest rates sold off this morning, leading to a stronger precious metal market in Europe and the U.S. commodity markets.... Barry Stuppler

May was not a good month for Gold investors. We started the month at $1,995, reached a high of $2,080 and a low of $1,934, and closed the month at $1,968, down $27 for the month.... Barry Stuppler

After reaching a low of $1,931 per ounce in late Asian and early European markets, the buyers came back. . . . Barry Stuppler

Gold fell under $1,950 after the Fed released the PCE price index. . . .Barry Stuppler