Weekly Market Report

Gold closed last Friday at $1,231 per ounce, down $1.50 for the week . . . .

Last Friday, Gold hit a high of $1,243 per ounce on the best CME trading volume of the week . . . .

Gold has traded between $1,220 and $1,230 per ounce for the past seven days in a row . . . .

China’s gold market has been transformed over the past two decades, becoming the largest gold producer and consumer in the world . . . .

The excitement started Wednesday of last week as U.S.-China trade negotiations appeared to be going nowhere . . . .

Could the 800 point fall in the Dow be the start of the much predicted equities collapse?  . . . .

Last week, we saw a number of world and U.S. events and announcements that affected the precious metal markets both upward and downward . . . .

It’s now been 8 weeks that Gold has stayed between $1,180 and $1,220 per ounce . . . .

Just when Gold staying in the $1,190 to $1,210 price range was starting to frustrate me, a bullish article was published in a prestigious business newspaper . . . .

Last Friday, Gold closed at $1,194 per ounce, only $1 lower for the week, but down $105 (8.05%) since the beginning of 2018 . . . .