Weekly Market Report

Last week was one for the history books, regarding the long-term price of Gold. . . .Barry Stuppler

After Friday’s surprise increase in U.S. employment caused an uptick in interest rates and moved the U.S. Dollar to recent highs, it resulted in Gold falling sharply. . . . Barry Stuppler

Last Thursday, we saw a $24 increase in the Gold price after the U.S. Federal Reserve gave a policy statement. . . . Barry Stuppler

July has definitely been a base building month for the Gold price, as the price consolidated between $1,785 and $1,835 per ounce. . . . Barry Stuppler

After reaching a 30-Day high of $1,835 last Thursday, Gold saw serious selling on Friday closing at $1,815 per ounce. . . . Barry Stuppler

As Pandemic concerns intensified, world economic numbers tightened and interest rates dropped to the lowest level in 2021. . . . Barry Stuppler

The Federal Reserve reported that the U.S non-farm payrolls increased 1%, up 850,000 new jobs in June. This positive economic news helped create fresh demand for Gold. . . . Barry Stuppler

  Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR I share the current status of Gold and Silver along with their support and resistance levels.   Current Rare Coin Listings Updated  ...

Gold hit a low of $1,765 per ounce last week on margin calls and panic selling. . . .Barry Stuppler

Since the beginning of June, Gold has traded between $1,855 to $1,919, as Gold consolidates the recent gains. Physical and futures demand continues to grow every time Gold gets near . . . . (Barry Stuppler)