Weekly Market Report

The concept of denuclearization of the Korean peninsula was the primary topic of the financial markets last week . . . .

Last week was very exciting. The excitement started last Wednesday when the Federal Reserve Chairman, Jerome Powell, raised interest rates by a ¼ of a percent . . . .

Last week, precious metals were primarily reacting to events surrounding the White House . . . .

Last week was a very good opportunity for Gold buyers to come in, with Gold dropping $25 per ounce based on four major factors . . . .

Gold ended its short-term bearish decline last week, rallying $40 per ounce for the week. Gold closed last Friday at $1,353.20 per ounce, above the key $1,350 support level . . . .

Last Friday, with interest rates and the U.S. Dollar rising, the financial markets started to react negatively, and the Nunes memo gave the markets the momentum to drive the Dow Jones down 665 points and caused Gold to drop $10 per ounce . . . .

2018 has started with a bang for precious metal investors. Looking back through 2012, January has been an excellent month for the Gold price . . . .

After closing 2017 at $1,306.30 per ounce, up $156 (13.5%) for the year, Gold continued the rally into 2018. Last week, the first week of the new year, trading volume increased and the Gold price stayed above the important $1,300 per ounce long-term support level . . . .

What a great year-end rally for Gold! During December, Gold rallied from a 5-month low of $1,235 on Dec. 12 to close the year at $1,306.30 on Friday Dec. 29 . . . .

After reaching a 5-month low of $1,235 on Tuesday, December 12, the Gold price has rallied $40 per ounce. On Friday, Gold closed at $1,275 per ounce, up . . . .