Weekly Market Report

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

Many of the major players in the Gold market have been concerned about what would happen to all that Russian Gold that has been banned . . . . Barry Stuppler

Last week, from Monday to Thursday, most financial markets including precious metals traded in a narrow range. . . . Barry Stuppler

Gold was down every trading day last week, dropping $50 (3%) and closing on Friday at $1,748 per ounce. . . . Barry Stuppler

The Gold rally continues since reaching the 2022 low of $1,678 on July 21st. . . . Barry Stuppler

In ten trading days from July 21st, when gold reached a new 2022 low of $1,678 per ounce, gold rallied over $100. . . . Barry Stuppler

July was an extraordinary month for gold and silver investors. . . . Barry Stuppler

Last Thursday morning, during European trading, Gold reached a low of $1,678 per ounce. . . . Barry Stuppler