Weekly Market Report

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

Last Friday, Gold closed on its 2021 low of $1,829 per ounce, down $63 from the beginning of the year. An upturn in the. . . .Barry Stuppler

Last Monday to Thursday, Gold started 2021 trading between $1,908 to $1,954, building a firm base above the key $1,900. . . .Barry Stuppler

Gold closed the year 2020 at $1,893.10 per ounce, up $373.60 (24.59%) for the year; Gold reached a high of $2,071. . . .Barry Stuppler

Last week Gold traded between $1,865 and $1,885 per ounce on relatively low trading volume. The on-again, off-again. . . .Barry Stuppler

Last week Gold traded between $1,822 and $1,875 per ounce, closing at $1,836 per ounce, basically unchanged. . . .Barry Stuppler

December started with both Gold and Silver back on their bullish track. With a good chance of a $908 billion. . . .Barry Stuppler

Last Friday, Gold closed at $1,782 per ounce, down $90 (4.8%) for the week. Breaking below the key $1,800 support. . . .Barry Stuppler