Weekly Market Report

Last week was exciting for Gold investors, as prices reached a new all-time high of $4,645 on Wednesday before dropping to $4,530 on Friday... Barry Stuppler

Gold started 2026 on a positive tone, moving up $183 per ounce for the first week and closed at $4,502 per ounce last Friday... Barry Stuppler

Last year, I carefully monitored precious metal trading during overseas trading in the late evening and into U.S. trading in the early morning hours... Barry Stuppler

Last Friday, Gold closed at $4,536 per ounce, up $184 to a new record high. Last week, the Consumer Confidence Index (CCI) for December was reported, falling to 89.1, below the forecast of 91. This weaker CCI report, along with disappointing October durable goods sales, rising tension between the U.S. and Venezuela, and a weaker U.S. Dollar, has been bullish for the Gold price... Barry Stuppler

Last week, U.S. unemployment data for November was released, showing an increase to 4.6%, the highest level in over four years... Barry Stuppler

Gold trading started last week at $4,215 per ounce and closed on Friday at $4,301 per ounce, up $86 for the week... Barry Stuppler

For most of last week’s trading, Gold stayed above the key $4,200 per ounce level... Barry Stuppler

Gold traded last week between $4,036 to $4,224 per ounce, closing on the high of $4,224, up $144 for the week... Barry Stuppler

During the past four weeks, Gold has traded between $3,900 and $4,200 as it builds a firm base above the key $4,000 per ounce support level... Barry Stuppler

Gold moved above the key resistance level of $4,000 on Monday and reached a high of $4,240 by Thursday... Barry Stuppler