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Weekly Market Wrap: Gold Up $51.33 On the Week

From

goldprice.com

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goldpriceorg@email.goldprice.com

Sent On

Fri, May 10, 2024 09:45 PM

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Gold climbs to near-record levels driven by market and interest rate uncertainty ͏  ?

Gold climbs to near-record levels driven by market and interest rate uncertainty ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - May 10, 2024 [Gold Price Chart]( ⏱️ Gold in 60 Seconds Current [Gold Spot Price]( $2,360.41 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. Gold prices saw a significant rebound this week, marking the strongest week-over-week performance in nearly a month. The surge was largely influenced by a series of economic data releases that heightened market uncertainty and drove investors toward the relative safety of gold. Initially, the disappointing April Jobs Report data pushed gold prices lower in the U.S. market. However, subsequent international trading saw a recovery in prices as markets digested the implications of the weak U.S. economic indicators. The narrative shifted mid-week as an unexpectedly high Initial Jobless Claims figure spurred another rally in gold prices, reflecting growing concerns about the Federal Reserve's timing on interest rate cuts. This sentiment was reinforced by softer-than-expected consumer sentiment and inflation expectations, which drove gold prices even higher, closing the week near historically high levels. [Read the Full Market Recap](   [BUY GOLD & SILVER AT JM BULLION](     [Advertisement]( 📰 Top Stories 🔥 Gold Price RECAP: April 29 - May 3 Gold is turning in one of its worst weeks of the year after the rocket rally of April, which seems to have waned into May... [Read More >](   🔥 Gold Price RECAP: April 22-26 Gold prices have given back some of their record gains this week but remain elevated by any historical standard. [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

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