Weekly Market Report

A report of U.S. economic improvement gave strength to the U.S. Dollar Index, reaching a high of 92.83 . . . . (Barry Stuppler)

Last Wednesday, Federal Reserve Chairman Jerome Powell gave a greatly improved economic forecast. He shared the Federal Reserve monetary policy decision . . . . Barry Stuppler

Last week, higher interest rates and increases in the U.S. Dollar Index caused Gold to reach a new 2021 low of $1,673 . . . . Barry Stuppler

Last week Gold reached a new 2021 low of $1,683 per ounce on Friday, closing at $1,698, down $30 for the week . . . (Barry Stuppler)

February was a dreadful month for Gold investors, as the price declined $119, closing last Friday at a new 2021 low of $1,729 per ounce . . . . Barry Stuppler

Last week was ugly for Gold investors, with Gold breaking down below the key $1,800 per ounce support level. . . .Barry Stuppler

Even though Gold ended last week up $10 per ounce, closing at $1,821.50 per ounce, it was a disappointing week for Gold. . . .Barry Stuppler

Last week was exciting in the world of precious metal trading. After seeing a weekly high of $1,875 on Monday. . . .Barry Stuppler

Last Thursday, Federal Reserve Chairman Powell said that he welcomes any signs of increased inflation and that we are a long way. . . .Barry Stuppler

After starting 2021 at $1,893 per ounce, Gold reached the $1,800 resistance level before finding major support last Tuesday. . . .Barry Stuppler