Weekly Market Report

Federal Reserve Chairman Powell testified to Congress last week. During his presentation, he indicated that the Fed is likely to raise the Fed Fund’s rate at least one time or more during the balance of 2023.... Barry Stuppler

Last week the Federal Reserve left the Fed Funds rate unchanged at 5%, but gave an indication that it is likely that there could be two or more increases by year-end.... Barry Stuppler

Last week we saw the SEC go after the major companies that deal in Crypto currencies.... Barry Stuppler

Last Friday the May Non-Farm Employment numbers were reported. This report showed an increase of 339,000 . . . . Barry Stuppler

Last week and over the long holiday weekend, concerns about the negotiations over the debt ceiling problem dominated the direction of precious metal price trading. . . . Barry Stuppler

Last week was truly ugly for Gold investors, as it was down $38 per ounce, closing the week $1,978 and under the key $2,000 per ounce level. . . .Barry Stuppler

Last week, the Gold price traded within $2,010 and $2,050 per ounce as it continues to build a firm base for the next leg higher. . . . Barry Stuppler

Last week was a crazy week for Gold traders. . . . (Barry Stuppler)

During the month of April Gold traded between $1,970 and $2,055 as it continues to build a firm base for the next leg higher, over $2,100 per ounce. . . . Barry Stuppler

March was an excellent month for Gold investors with an increase of $133 dollars (7.24%), closing the month at $1,969 per ounce. . . . Barry Stuppler