Weekly Market Report

Last week was a consolidation week for the Gold price and Gold closed between $1,248 to $1,255 per ounce on all  . . . .

Last week the Gold rally continued, with Gold up $18, closing at $1,248.50 per ounce . . . .

Last week was one of the best weeks we have seen this year. The Gold price moved from Wednesday’s low of $1,196 to Friday’s close of $1,230 per ounce . . . .

Gold continues its 2017 rally, closing Friday at $1,236, up $16 per ounce for the week, and up $85 (7.4%) since the beginning of the year. Gold reached a new 2017 high of $1,246.60 last Wednesday. Interestingly enough . . . .

Gold got back on track last week,reaching a new 2017 high of $1,227 last Thursday, and continues to show excellent price support on high CME trading volume . . . .

Last Friday, Gold closed at $1,205 per ounce, up $54 (5%) since the beginning of the month. What is important about last week is that on all four trading days Gold closed above the key $1,200 per ounce support level  . . . .

Last Friday, Gold closed at $1,198 per ounce, up over $22 for the second 2017 trading week in a row. At the current 2017 rate of price appreciation, Gold will be over $2,000 before October 2017 . . . .

Last Friday, Gold closed at $1,172 per ounce, up $22 in the first trading week of 2017. Last week, we saw a sizeable increase in physical, future contract, and equity demand for Gold bullion investment products  . . . .

Last Friday, Gold closed at $1,150 per ounce. 2016 was an up year for Gold, increasing $90 (8.36%). However, most of my clients who invest in Gold . . . .

Since the election of Donald Trump, the U.S. Dollar and interest rates have soared. During this same timeframe, financial, pharmaceutical and energy stocks have led the way in the world’s equity markets’ climb higher  . . . .