Daily Market Report

As European markets were closing today and U.S. Markets were opening the British currencies. . . . Barry Stuppler

The U.S. Dollar Index continues to rise (112.84) and central banks around the globe are raising interest rates . . . . Barry Stuppler

After yesterday’s Fed announcement of a ¾% increase in the Fed Funds rate, Gold rallied to a high of . . . . Barry Stuppler

The Federal Reserve increased the Fed Funds rate by ¾% today, which was expected. . . . Barry Stuppler

Even with the recent weakness in the Gold and other financial markets, Silver continues to hold above $19 per ounce . . . . Barry Stuppler

The Gold price sold-off during Asian trading again, dropping $14 to a low of $1,659 per ounce. . . . Barry Stuppler

The Russian/Chinese meetings and negotiation on energy and precious metals and other world events will end this weekend, so Monday is an important day to . . . . Barry Stuppler

With no sign of sizeable buying at that point, the 2nd wave of short-selling caused Gold to reach a low . . . . Barry Stuppler

Gold tested the $1,700 yesterday and again this morning but continues to hold . . . . Barry Stuppler

Today, the August Consumer Price Index (CPI) came in at an annual increase of 8.3%. . . . Barry Stuppler