Daily Market Report

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

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