Daily Market Report

Gold sold-off this morning due to a stronger U.S. Dollar, with the U.S. Dollar reaching a high of 107.91 in active trading. . . .Barry Stuppler

Gold traded today between $1,750 and $1,760 per ounce, as it continues to build an excellent base for the next leg higher. . . . Barry Stuppler

A slight tick up in interest rates and the U.S. Dollar equals a small move down in Gold and Silver. . . .Barry Stuppler

After a missile hit Poland, the Gold price quickly rallied to $1,786 because of the possibility that it could have been a Russian missile. . . .Barry Stuppler

This morning the producer price index report (PPI) for October came in at up 8.0%, year-on-year, . . . . Barry Stuppler

Gold briefly tested the $1,750 support level this morning, reaching a low of $1,753, before sizeable buying appeared . . . .Barry Stuppler

Last Thursday 11/4, Gold closed at $1,629 and in just six trading days, Gold has rallied over $134 on excellent volume. . . .Barry Stuppler

The Bureau of Labor Statistics said today that ihe inflation rate for the month of October fell to an annual rate of 7.7%, down from the 8.2% pace recorded in September and the 8.0% Street forecast. . . . Bary Stuppler

Bitcoin heading south to a yearly low, means Gold is heading north. . . .Barry Stuppler

It’s been over a month since Gold has traded over $1,700, and during that time Gold hit a low of $1,615 per ounce. . . . Barry Stuppler