Weekly Market Report

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

The price of Gold was $3,850 per ounce on October 1st... Barry Stuppler

At this point, the $4,000 level for Gold is very important... Barry Stuppler

During Gold trading in New York last Tuesday, the price of Gold dropped $250 per ounce, moving from $4,360 to $4,110 per ounce, the highest trading volume seen in years. In early Wednesday morning trading in China, Gold tested the key $4,000 per ounce support level, dropping to $4,003 before seeing massive bargain buying and short-covering... Barry Stuppler

Another exciting week for Gold investors, with Gold starting at $4,000 and increasing over $300 from Monday to Thursday... Barry Stuppler