Weekly Market Report

Gold broke above the key resistance level of $1,750 per ounce last week, reaching a high of $1,759 before seeing some light short-term profit-taking . . . . (Barry Stuppler)

Last week, Gold fell $49 per ounce on Monday and Tuesday, reaching a low of $1,674 per ounce. Then, on Wednesday and Thursday, Gold roared back up $58 . . . . (Barry Stuppler)

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