Weekly Market Report

The Gold price moved above $2,000 per ounce on Friday, based upon new military activities in the Middle East. . . . Barry Stuppler

Gold increased over $120 in the past week (a three-month high) in the face of higher interest rates and a strong U.S. Dollar. Many market watchers fear that the war will escalate in the Middle East.... Barry Stuppler

Gold ended the week at $1,930 per ounce, up $100 in just five days on the highest trading volume we have seen in a month.... Barry Stuppler

During last week, Gold trading was very active with higher than average trading volume in most of the world’s largest commodity exchanges.... Barry Stuppler

Last week was an ugly week for precious metal investors with Gold dropping $80 per ounce.... Barry Stuppler

On Wednesday, an announcement from Federal Reserve chairman Powell saying interest rates may not be slowing down as originally thought, caused the financial markets to react.... Barry Stuppler

After testing the key support level of $1,900 on Wednesday, Gold showed excellent demand by Friday, reaching a high of . . . .Barry Stuppler

Last week, Gold traded between $1,924 and $1,970 per ounce as it continues to build a firm base above $1,900 per ounce.... Barry Stuppler

Gold traded between $1,950 and $1,980 prior to Wednesday’s Federal Reserve announcement on Fed Funds rates.... Barry Stuppler

When the U.S. market opened last Tuesday, the Commerce Department reported that June Retail sales increased only 0.2%.... Barry Stuppler