Daily Market Report

Concerns about the debt ceiling problem and a U.S. Dollar Index trading at 2-month high (over 104) continues to put pressure on precious metal prices. . . .Barry Stuppler

In overnight trading in Asia and Europe, Gold traded from $1,956 to $1,987 as it looks for support and finds increased demand.... Barry Stuppler

Gold moved down to $1,954 in early European trading before seeing sizeable bargain buying.... Barry Stuppler

Gold has been trading in the $1,970 to $1,980 area today as we await news from a meeting between President Biden and Speaker McCarthy.... Barry Stuppler

A lower U.S. Dollar and concerns about a holdup in a U.S. debt ceiling agreement has driven the Gold price higher today.... Barry Stuppler

Easing concerns about raising the debt ceiling combined with a strong U.S. Dollar continues to put pressure on precious metal prices.... Barry Stuppler

Gold continued to move lower this morning, reaching a low of $1,974 before finding bargain buyers.... Barry Stuppler

Gold broke down below the key $2,000 support level this morning, reaching a low of $1,985 before seeing sizeable demand.... Barry Stuppler

Gold rallied this morning, reaching a high of $2,023 before seeing some light selling. . . . Barry Stuppler

A strong U.S. Dollar is putting pressure on the Gold price, but Gold is showing a lot of demand at. . . . Barry Stuppler