daily gold prices

The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets . . . .

Gold has stayed in a very tight $6 high/low trading range all day, between $1,253 and $1,259 per ounce . . . .

It appears that Tuesday’s low of $1,237 per ounce for Gold was too tempting for Central banks to ignore . . . .

Gold opened in Asian markets this morning at $1,238, hit a low of $1,237, then a major buyer appeared at that price . . . .

Gold continues to trade in a declining $15 high/low range today . . . .

After reaching a low of $1,245.50 per ounce on Thursday, we saw a rally start in Asia and move through the Mid-Eastern and European markets . . . .

In early Asian trading there was serious concern that a trade war would lead to a devaluation of the Chinese Yuan . . . .

A good number of professional commodity traders have recently shorted Gold . . . .

The Gold price remains on the defensive, hitting a low of $1,254.50 per ounce in early trading . . . .

Gold is trading in a narrow $8 High/Low range from $1,264 to $1,272 per ounce today . . . .