daily gold prices

Yesterday Gold reached a high of $1,305 before President Trump and Senator Mitch McConnell held a press conference to talk about the passage of Tax Reform legislation before year end . . . .

We are seeing good volume from Asian buyers today, supporting the important $1,300 level for Gold . . . .

The Gold rally continued this morning as Asian buying took the price over the important $1,300 per ounce resistance level . . . .

Many of the professional floor traders that I spoke with late yesterday and today are thinking Gold is back on the bullish trail . . . .

Today Gold has traded in a very narrow $8 per ounce high/low range, from $1,292 to $1,284 per ounce . . . .

Supported by heavy Chinese bargain buying. . . . 

This morning in Asian markets Gold saw lots of Chinese bargain buying, as the Chinese returned from their holiday . . . .

Today, Gold continues to trade in the $1,270 to $1,280 price range, looking for short-term direction . . . .

Gold reached a high this morning of $1,282, in its first attempted rally to break out of its recent narrow trading range . . . .

Today Gold has traded in a very narrow $6 high/low spread, from $1,274 to $1,268 per ounce. It appears Gold is finding excellent support around the $1,270 level . . . .