Weekly Market Report

Gold broke above the key $1,550 per ounce level on last Monday, reaching a new six year high of $1,555 per ounce before . . . .

Last week, Friday was the most significant day with Gold closing at a new 2019 high of $1,526 per ounce. As of Friday, Gold . . . .

Last week, the financial markets were in turmoil with equity and interest rates dropping. During that period, investors jumped . . . .

Last Wednesday morning, three major central banks lowered their interest rates. Lower interest rates are bullish . . . .

Last Wednesday, the Federal Reserve lowered the Fed Funds rate by a ¼ point and announced they will end . . . .

Gold broke the $1,400 per ounce barrier on June 24th and for the month of July has traded between $1,402 to $1,447 per . . . .

During July, we have seen a sharp increase in trading volume on the world’s commodity exchanges. The increased trading volume is an excellent sign of . . . .

Gold broke above the key $1,400 per ounce level on June 21st and has tested that key support level five times and held. From a technical view . . . .

Gold tested the important $1,400 per ounce price level three times last week. During Friday trading, over the holiday weekend, Gold became weaker . . . .

Gold reached a new six year high of $1,439 per ounce last Tuesday after breaking above the key $1,400 resistance level on June 21st. What is important about this . . . .