Weekly Market Report

The financial markets reacted to comments made on Wednesday during Fed Chairmen Powell’s press conference positively. . . .Barry Stuppler

Last week was the best week Gold has had in over 3 years, up $106.30, closing at $1,972 per ounce. Gold opened higher on Monday and kept on moving higher all week . . . . Barry Stuppler

The big news last Friday was not the increase in February jobs, but the Silicon Valley Bank (SVB) failure, which affected all the financial markets. . . .Barry Stuppler

Gold reached a low of $1,804.70 last Tuesday during European trading. Then, the U.S. markets opened and it was announced . . . .Barry Stuppler

During last week, a number of bullish U.S. economic indicators were released. The most important one was the core personal consumption expenditures (PCE) price index . . . . Barry Stuppler

On November 3rd, 2022, Gold reached a 2022 low of $1,618 per ounce. Based on lower expectations . . . Barry Stuppler

Last week, Gold traded between $1,852 and $1,890 after a drop of $100 from . . . Barry Stuppler

Last Thursday, Gold reached a 10-month high of $1,975 in early US trading. Then, in late U.S. and overseas trading, Gold . . . Barry Stuppler

Gold spent last week trading between $1,912 and $1,949 per ounce, as it builds a great base for the next leg higher above $1,900 . . . Barry Stuppler

Since Nov. 3, 2022, the Gold price has increased from $1,618 per ounce to last Friday’s close of $1,918.40. This . . . Barry Stuppler