Daily Market Report

This morning, Gold showed excellent price support above the $1,667 level and rallied back to Friday’s highs on excellent volume. . . .Barry Stuppler

The U.S. Labor Department showed a surprise increase in the October’s nonfarm payrolls of 261,000 jobs this morning, . . . Barry Stuppler

Yesterday, based on the news coming from the Federal Reserve announcements, Gold traded between $1,636 and $1,671 per ounce. . . . Barry Stuppler

A stronger then expected ADP jobs increase in October helped Gold rally to a high of $1,660. . . . Barry Stuppler

Many of the financial markets are reacting from news coming from tomorrow’s Federal Reserve meeting. . . . Barry Stuppler

The Gold market appears to be ON HOLD, awaiting fresh news to give it a firm direction. . . .Barry Stuppler

An increase in the September U.S. core personal consumption rate of 0.5% has caused inflation concerns in the financial markets today. . . . Barry Stuppler

Gold appears to be in a holding pattern, awaiting news next week from the Federal Reserve. . . . Barry Stuppler

The U.S. Dollar and U.S. Interest continue to move lower and Gold/Silver are moving higher. . . . Barry Stuppler

The Gold price reached a low of $1,638 during Asian trading this morning, . . . .Barry Stuppler