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Weekly Market Wrap: Gold Down $11.26 On the Week

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goldprice.com

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goldpriceorg@email.goldprice.com

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Fri, Aug 4, 2023 10:10 PM

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After a promising start, gold records a loss on the week ͏  ͏  ͏  ͏

After a promising start, gold records a loss on the week ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - August 4, 2023 [Gold Price Chart]( ⏱️ Gold in 30 Seconds Current [Gold Spot Price]( $1,942.80 Happy Friday! We hope you've had a fruitful week of trading. In this [Weekly Market Wrap]( we take a closer look at the recent happenings in the gold market and the factors that influenced its performance. Let's chat about what's been happening with gold this past week. After a promising start, gold prices took a bit of a hit and ended up recording some losses. Why? A big reason is the stronger-than-expected growth of the US economy. Another noteworthy event was the downgrade of US debt by a rating agency. This shook things up in the market, impacting several assets, including gold. Gold remained volatile throughout the week, affected by rising US Treasury yields. Then there's the jobs report from Friday, which didn't quite meet the mark. Although this normally would push gold prices up, the increase wasn't as strong as predicted. This rollercoaster ride in the gold market keeps things interesting, and we're curious to see what'll happen next week! [Read the Full Market Recap](   [Shadow] [BUY GOLD & SILVER AT JM BULLION]( 📰 Top Stories   🔥 Gold Price RECAP: June 26 - June 30 On Friday morning, gold is closing a week in which things have generally moved only down and to the right, leading the yellow metal toward its lowest close since Q1, on the final trading session of Q2... [Read More >](   🔥 Gold Price RECAP: June 19 - 23 . Gold prices are limping into the weekend after sliding through a short week as a result of some surprisingly strong US economic data, but primarily as a result of the face of the Fed resuming a hawkish commitment to continuing to hold financial conditions in traction until inflation cools further.... [Read More >](   [Shadow] [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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