Weekly Market Wrap: Gold Up $61.16 On the Week

Gold pushed higher as a safe haven play ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - October 20, 2023 [Gold Price Chart]( ⏱️ Gold in 30 Seconds Current [Gold Spot Price]( $1,981.22 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. Throughout the past week, gold prices have experienced significant fluctuations in response to key economic developments. These fluctuations can be attributed to a confluence of factors, ultimately impacting the precious metal's performance. One of the notable influences was the release of US economic data, specifically the Retail Sales report for September, which exceeded expectations. This positive sign suggests a healthier US consumer performance, potentially leading to further interest rate hikes by the Federal Reserve. This, in turn, weighed on gold prices as it implied tighter monetary policies. Additionally, the Philadelphia Fed Manufacturing Index, though falling short of expectations, indicated forward-looking economic uncertainty. While not a major concern, it contributed to the mixed sentiment surrounding gold. However, what truly dominated the week's gold market narrative was the escalating conflict in Gaza between Israel and Hamas. The resulting rush to safety amid geopolitical instability, combined with a weaker US Dollar, drove gold prices to significant gains. Overall, this week's economic news, coupled with geopolitical developments, played a pivotal role in shaping gold prices, highlighting the complex interplay between economic data and global events on the precious metal's performance. 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](   [BUY GOLD & SILVER AT JM BULLION]( [Shadow] 📰 Top Stories   🔥 Gold Price RECAP: October 9-13 Spurred on by the most tragic of exogenous geopolitical shocks, gold prices are set to close this week near their highest marks since the summer... [Read More >](   🔥 Gold Price RECAP: September 25-29 Gold prices appear healthy in Friday morning trading. However, the moderate rally we’re seeing comes at the tail of a decidedly brutal week for the yellow metal... [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