Weekly Market Report

Last week’s trading showed that Gold continues trying to build a firm base above the key $5,000 per ounce level. Gold is likely to trade between $4,900 and $5,100 for a while . . . . Barry Stuppler

As I watched CNN International and the BBC during my trip to France, India, Egypt, and Jordan, it became clear that China is expanding its influence around the world through trade deals... Barry Stuppler

I’m having a difficult time wrapping my head around what I saw last Thursday and Friday during Gold and Silver trading on many of the world’s largest commodity exchanges... Barry Stuppler

It’s been nearly four weeks since the start of 2026, and Gold has already increased by $764 (17.5%) per ounce... Barry Stuppler

Last week was exciting for Gold investors, as prices reached a new all-time high of $4,645 on Wednesday before dropping to $4,530 on Friday... Barry Stuppler

Gold started 2026 on a positive tone, moving up $183 per ounce for the first week and closed at $4,502 per ounce last Friday... Barry Stuppler

Last year, I carefully monitored precious metal trading during overseas trading in the late evening and into U.S. trading in the early morning hours... Barry Stuppler

Last Friday, Gold closed at $4,536 per ounce, up $184 to a new record high. Last week, the Consumer Confidence Index (CCI) for December was reported, falling to 89.1, below the forecast of 91. This weaker CCI report, along with disappointing October durable goods sales, rising tension between the U.S. and Venezuela, and a weaker U.S. Dollar, has been bullish for the Gold price... Barry Stuppler

Last week, U.S. unemployment data for November was released, showing an increase to 4.6%, the highest level in over four years... Barry Stuppler

Gold trading started last week at $4,215 per ounce and closed on Friday at $4,301 per ounce, up $86 for the week... Barry Stuppler