Weekly Market Report

Federal Reserve chairman Warsh said that inflation was a bigger concern than a slowing labor market. . . Barry Stuppler

August has been an extraordinary month for Gold. It started the month at $4,039 per ounce and reached a high of $4,632 per ounce during US trading this morning. A $593 increase (over 14%) in 21 days. At the start of this month, I stated that Gold would reach $4,500 by month end and $5,000 by year end. I have definitely underestimated... Barry Stuppler

Last night we saw excellent demand for Silver during trading in overseas markets, as it quickly moved above $65 per ounce. Silver moved above $66 during Chinese trading, reaching a high of $66.35 per ounce. But, saw short-term selling in India... Barry Stuppler

I’m out of the country, vacationing in Italy and watching Gold & Silver move higher... Barry Stuppler

On Wednesday, July 29th, the gold market indicated that it was highly possible that the Gold price would break down and set new 2026 lows. . . Barry Stuppler

Last week, the Gold price traded above $4,000 on all five trading days... Barry Stuppler

Gold has been trading above and below the key $4,000 per ounce support level since June 22. During this time, Gold has reached a low of $3,940 and a high of $4,201 per ounce... Barry Stuppler

As the Iranian war rolls on, Gold continues to trade actively, but the value has a downward bias. . . Barry Stuppler

Between the on again/off again war with Iran, positive bias on interest rates, and the recent strong U.S. Dollar, the Gold price has become highly volatile. . . Barry Stuppler

Last week was a terrible week for Gold and Silver investors. . . . Barry Stuppler