Weekly Market Report

I am seeing a sizable amount of investors returning back to Gold after the FTX bankruptcy. . . . Barry Stuppler

On August 24th 2022, Gold traded at $1,766 per ounce, and took 10 weeks till Nov. 3rd for Gold to decline to the 2022 yearly low of $1,618. . . .Barry Stuppler

Gold’s volatility is getting exciting. . . . Barry Stuppler

Over the past three weeks, as the world’s stock and currency markets have traded with a high degree of volatility . . . .Barry Stuppler

Last week was a highly volatile week for the precious metal markets. . . . Barry Stuppler

The U.S. Federal Reserve continues to raise the Fed Fund rate in an effort to slow inflation. Higher interest rates strengthen the Dollar, cause a slowdown in the economy and drive . . . . Barry Stuppler

On Friday, the Commerce Department reported that August’s inflation was higher than expected . . . . Barry Stuppler

Last week was ugly for Gold investors, with the price dropping to a 2-year low of $1,660.40 per ounce on Thursday . . . . Barry Stuppler

Last Tuesday, the August Consumer Price Index (CPI) came in at an annual increase of 8.3%. This was higher than had been expected and many financial markets sold-off immediately . . . . Barry Stuppler

As we approach the next scheduled Federal Reserve Open Market Committee meeting on September 20-21, analysts are looking for another ¾% increase . . . . Barry Stuppler