Weekly Market Wrap: Gold Up $5.90 On the Week

Gold has rollercoaster week amid strong inflation data and geopolitical tensions ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - April 12, 2024 [Gold Price Chart]( ⏱️ Gold in 60 Seconds Current [Gold Spot Price]( $2,162.64 Happy Friday, traders. Welcome back to our [weekly market wrap-up]( where we dive into the economic events and market news that have significantly impacted gold prices and other precious metals throughout the week. This week has been a whirlwind of activity, with gold experiencing fluctuations amidst a backdrop of economic data releases and geopolitical tensions, setting the stage for potential future movements. The conflict between Russia and Ukraine, along with unrest in the Middle East between Israel and Palestine, initially drove investors towards gold as a safe haven. However, the release of the Consumer Price Index (CPI) showing continued inflationary pressure and minutes from the Federal Open Market Committee (FOMC) meeting introduced uncertainty. This uncertainty initially boosted gold as a hedge against economic unpredictability, but the strengthening U.S. dollar, buoyed by the prospect of continued interest rate hikes, eventually weighed on gold prices. Despite these challenges, gold remained strong, consistently trading above $2200 per ounce. As we look forward to next week’s economic reports, including retail sales, traders will need to stay alert to shifts that could influence the Fed’s monetary policy and, subsequently, gold prices. [Read the Full Market Recap](   [BUY GOLD & SILVER AT JM BULLION](     [Advertisement](   📰 Top Stories 🔥 Gold Price RECAP: March 18-22 Gold spot prices again enjoyed the rarified air of new all-time highs this week, briefly, pricing bids above $2200/oz; at the same time, we may have just seen the market put in the “top” for the yellow metal’s current cycle... [Read More >](   🔥 Gold Price RECAP: March 1-8 Gold prices are soaring at new highs for the spot market, and look set to book an all-time-high on the week's close. [Read More >](     [Twitter]( [Instagram]( Stay Informed - Get Our App! No longer want to receive these emails? [Unsubscribe](. GoldPrice.org 10440 N. Central Expressway Suite 800 Dallas, TX 75231