Weekly Market Report

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

Last Friday morning the Gold price was doing well, nearing $2,400 per ounce....Barry Stuppler

Last Friday, Gold closed at $2,322 per ounce, down $10 for the week. Gold traded above and below the key $2,350 level, reaching a high of $2,365 last Tuesday. As Gold continues... Barry Stuppler

Last Friday, Gold closed at $2,332 per ounce, down $85.30 per ounce for the week. Gold reached a high of $2,452 on Monday (a new All-Time high) before seeing heavy profit taking later in the week... Barry Stuppler