Weekly Market Report

Gold traded last week between $2,015 and $2,043, closing the week at $2,035....Barry Stuppler

Last Tuesday, the Bureau of Labor Statistics reported that its Consumer Price Index rose 0.3% in January, following December’s 0.2% increase.... Barry Stuppler

Last week Gold traded between $2,020 and $2,048 per ounce, closing the week at $2,025, down $15 for the week. . . . Barry Stuppler

Last week, U.S. economic news wasn’t bullish for precious metal investors. . . .Barry Stuppler

Last week, Gold traded between a low of $2,015 and a high of $2,039 per ounce all week. . . .Barry Stuppler

Most financial analysts felt in the first week of January that the Federal Reserve would start lowering interest rates in March. . . . Barry Stuppler

The first week of 2024 saw strong economic news with a higher U.S. Dollar and an increase in interest rates. . . Barry Stuppler

It was a good year for Gold with an increase of $239.50 per ounce (13.14%), closing the year at $2,062 per ounce... Barry Stuppler

After testing key support at $1,980 on December 11th and 12th, Gold has continued to move higher... Barry Stuppler

Last Thursday after the press release and new conference from the Federal Chairman, Gold and Silver prices soared... Barry Stuppler