Weekly Market Report

Last week, Gold was heading for a weekly loss early Friday, with a strong U.S. Dollar and fading hopes of any interest rate cut because of Powell’s statements at his Wednesday news conference... Barry Stuppler

After reaching a high of $3,440 last Wednesday, Gold was hit with profit-taking and dropped $100 per ounce... Barry Stuppler

Last week, Gold traded in a narrow range from a low of $3,310 to a high of $3,385 per ounce. This is an excellent example of building a base to provide support for the next leg higher... Barry Stuppler

Last week, Trump went tariff crazy and safe-haven buying of Gold drove up the price to $3,370 per ounce... Barry Stuppler

Last week, we saw a weaker U.S. Dollar (under 97, a 3-year low)... Barry Stuppler

Last week, from Monday to Thursday, Gold traded actively between $3,310 and $3,400 per ounce... Barry Stuppler

Gold has been staying in a tight trading range between $3,350 and $3,400, with light trading volume... Barry Stuppler

Last week we saw a run for Gold (the ultimate safe-haven asset) as Israel attacked Iran and ignited a Middle Eastern war... Barry Stuppler

Last week, Gold traded between $3,300 and $3,390 for most of the week’s trading... Barry Stuppler

After reaching an all-time high of $3,498 on April 22nd, Gold saw profit-taking and aggressive selling... Barry Stuppler