gold trading volume

The U.S. Dollar continues to rally based on the hope that $3 trillion, currently held overseas by American corporations, could be repatriated in the coming year . . . .

The recent decline in the Gold price appears to have bottomed out this morning at $1,277 per ounce . . . .

The U.S. Dollar rally and an increase in interest rates have affected the Gold price negatively . . . .

Gold has been trying all day to stay above the key $1,300 per ounce support/resistance level . . . .

The Russian Central Bank announced last week that its gold reserves had reached 56.1 million troy ounces (approximately 1,745 metric tons). The total included an additional 500,000 ounces (approximately 15.5 metric tons) of gold added in August . . . .

In late morning trading the Gold price started a rally, quickly moving back above the $1,300 support/resistance level . . . .

Gold traded today in a very narrow $7 high/low range, from a high of $1,298 and a low of $1,291 per ounce . . . .

The Gold price dropped to its lowest level in over three weeks ($1,288) this morning after the Federal Reserve meeting yesterday . . . .

The Federal Reserve ended a two-day meeting today with a statement confirming a high probability of an interest rate increase in December . . . .

Gold showed increased demand this morning when it hit its low of $1,305.70 per ounce . . . .