Daily Market Report

Gold reached a low of $2,009 in early Asian trading last night, then quickly rallied back . . . . Barry Stuppler

After yesterday’s testing of the key $1,950 support level, today the Gold price exploded . . . .Barry Stuppler

This morning in Asian and European trading, a strong U.S. Dollar took the Gold price down . . . .Barry Stuppler

Today, Commerce Department reported that February’s personal consumption expenditure index has increased . . . .Barry Stuppler

There isn’t any news that would affect the bullion market today . . . . Barry Stuppler

Global banking problems appear to have been temporarily handled, and Gold’s appeal . . . . Barry Stuppler

After testing the key $1,950 resistance level yesterday, reaching a low of $1,944 per ounce, before rallying back above $1,950, Gold is off and running today. . . .Barry Stuppler

A combination of a stronger U.S. Dollar and short-term profit taking on Asian markets has put Gold on the decline today . . . .Barry Stuppler

Gold is trading today near the psychological important $2000 per ounce level . . . .Barry Stuppler

The financial markets reacted to comments made in the Jay Powell’s press conference positively. . . .Barry Stuppler