Weekly Market Report

Gold moved over $2,500 per ounce after a series of economic reports this week solidified expectations of an interest rate cut by the Federal Reserve in September... Barry Stuppler

Growing concerns from analysts about a deepening U.S. economic slowdown are weighing on all the financial markets... Barry Stuppler

July was an exciting month for Gold investors. Gold started at $2,327, reached a low of $2,316, and reached an all-time high... Barry Stuppler

Gold set a new All-Time high of $2,485 per ounce on Thursday July 18th, but within seven days the price dropped to $2,351.... Barry Stuppler

Last Thursday at 3am PDT, I saw that the Gold price had reached $2,485 per ounce in Europe.... Barry Stuppler

Last Thursday was the third time since April 2024 that the Gold price has closed above $2,400 per ounce. $2,400 is a key support level, and if Gold can remain above that level for the remainder of July... Barry Stuppler

June saw a good number of bearish economic indicators released, which drove the Gold price down to $2,290 per ounce.... Barry Stuppler

Gold reached a low of $2,290 per ounce last week, before bouncing back on Friday....Barry Stuppler

Last Monday and Tuesday, Gold traded in a narrow $25 high/low range between $2,310 and $2,335 per ounce. After Wednesday, holiday Gold rallied $22... Barry Stuppler

Resilience is the word for Gold this week. We started the week at $2,311 per ounce and were hit with two major negative announcements....Barry Stuppler