Weekly Market Report

We have just seen an extraordinary week of volatility in the precious metal markets . . . . Barry Stuppler

Gold closed last Friday at $1,899, up $57 per ounce for the week, mostly based on concerns over the Russia/Ukraine conflict . . . . Barry Stuppler

Last Friday at 3:02 PM EST, Gold had a strong and dynamic rally taking the price to $1865 per ounce . . . . Barry Stuppler

Last Friday was a key day in the ultimate direction of the Gold price. Gold closed Thursday right on the key $1,800 per ounce support/resistance level . . . . Barry Stuppler

To say that last week was surprising and highly disappointing is an understatement . . . . Barry Stuppler

Last week, the Dow Jones Average dropped 1,646 points, Bitcoin fell $8,500, while Gold increased $15 per ounce . . . . Barry Stuppler

I see a new all-time high for the Gold price within the first six months of the year . . . . Barry Stuppler

Last Wednesday, the Federal Reserve released the minutes from their December meeting . . . . Barry Stuppler

As we start a New Year, let’s look back on 2021. Gold started the year at $1,893 and reached a high of $1,962 on January 6th . . . . Barry Stuppler

After breaking down below the key $1,800 level in late November, Gold showed good demand last week finally moving above that resistance level . . . . Barry Stuppler