Weekly Market Wrap: Gold Down $74.62 On the Week

Gold faces challenging week amid evolving Fed Reserve plans ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - September 29, 2023 [Gold Price Chart]( ⏱️ Gold in 30 Seconds Current [Gold Spot Price]( $1,848.82 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. Gold prices had a challenging week, largely due to changes in the Federal Reserve's future plans. The central bank's decision to possibly increase interest rates in 2024 pushed gold prices downwards, with the value dropping below $1900/oz. The strengthening of the U.S. Dollar added to this decline. Remarks from Neel Kashkari, the Minneapolis Fed President, hinted at even more rate increases, causing further dips in gold's value. By Thursday, gold hit a six-month low. Fortunately, by Friday, there was a small bounce back, bringing prices close to $1875/oz. The actions of the Federal Reserve remain a key influence on gold's direction. That wraps it up! Wishing you all a great weekend, and let’s touch base next week for another market snapshot. [Read the Full Market Recap](   [Shadow] [BUY GOLD & SILVER AT JM BULLION]( 📰 Top Stories   🔥 Gold Price RECAP: September 11 - 15 Preemptive moves and delayed reactions have been the story for gold’s prices chat since Monday. While it isn’t exactly what we would have expected— or can logically explain in hindsight— the math has shaken out to a net gain for the yellow metal (as of lunchtime Friday.)... [Read More >](   🔥 Gold Price RECAP: September 4-8 Gold prices are flat, on net, in Friday’s trading so far. Although current spot prices reflect a decline on the week after the yellow metal was unable to hold onto its highs, there are indications that prices are building stronger support above $1900 at summer’s end. .... [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