July 12, 2019

Gold remains comfortably above its $1,400.00 support level as Jerome Powell’s testimony this week showed the Fed remains more dovish than many investors had predicted in light of positive employment data earlier this month.  Stocks continue to break new records based of the same sentiment that’s driving metals up; the S&P 500 hitting 3,000 for the first time ever and the Dow poised to set a new record today, currently trading 0.50% up.