Weekly Market Report

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

With the U.S. Dollar Index and interest rates moving higher this morning, Gold is locked in a tight trading range between $1,792 and $1,802 per ounce . . . . Barry Stuppler

Last week we heard two significant announcements that have long-term effects on the U.S. economy. The first was on Thursday when the U.S. Labor Department said . . . . Barry Stuppler

Last week, Gold closed everyday between $1,762 and $1,785 per ounce . . . . Barry Stuppler

Gold reached a high of $1,868 on November 19th and was looking good until we saw the sell-off last Friday . . . . Barry Stuppler

During November, we saw increased Gold demand and higher trading volumes on many of the world’s largest commodity exchanges . . . . Barry Stuppler

November has been a great month for Gold, up $83.00 per ounce so far, closing at $1,864 last Friday . . . . Barry Stuppler

Gold hits a two-month high early today of $1,827 per ounce . . . . Barry Stuppler

Gold ended October at $1,783 per ounce, up $27 for the month, but under the key $1,800 price level . . . . Barry Stuppler