Weekly Market Report

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

Last Wednesday, the Federal Reserve released minutes of the past meeting. The Fed was focusing on . . . Barry Stuppler

Gold jumped $20 Tuesday on the news that China was relaxing many of their COVID restrictions for residents and visitors. The Chinese. . . Barry Stuppler

Last shortened holiday week Gold traded between $1,785 and $1,835 per ounce, moving above and below the important $1,800 level. U.S. interest rates and the value of the U.S. Dollar also . . . Barry Stuppler

Last Wednesday, the Federal Reserve confirmed the expected ½ point increase in the Fed funds rate. After the announcement and during the press conference . . . Barry Stuppler