Weekly Market Wrap: Gold Down $6.68 On the Week

Gold resilient amid Fed rate decision and mixed economic reports ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - November 3, 2023 [Gold Price Chart]( ⏱️ Gold in 30 Seconds Current [Gold Spot Price]( $1,994.46 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. This past week in the markets saw gold prices exhibiting stability despite a series of economic updates. Early in the week, prices hovered around the $2000/oz mark, with a slight dip on Tuesday due to profit-taking by traders. The Federal Reserve's decision to not raise interest rates again before Thanksgiving, as expected, did not significantly impact the market. However, an unexpected contraction in the US industrial sector signaled potential economic stress, which, paired with a disappointing October Jobs Report, led to a brief spike in gold prices towards $2000/oz again. The underwhelming jobs data suggested a softer labor market than anticipated, fueling speculation about economic contraction and future Federal Reserve actions. Overall, the week's economic news caused some volatility in gold prices, but the metal ended the week on a steady note, with anticipation for its next moves being dependent on upcoming economic headlines and Federal Reserve commentary. For now, traders, I hope you can get out and safely enjoy your weekend for the next couple of days. After that, I’ll see everyone back here next week for another market recap. [Read the Full Market Recap](   [BUY GOLD & SILVER AT JM BULLION]( [Shadow] 📰 Top Stories   🔥 Gold Price RECAP: October 23-27 Gold prices are fluctuating within a narrow $5 band in Friday’s trading, alternating between a moderate gain for the session, and a mild loss... [Read More >](   🔥 Gold Price RECAP: October 16-20 Gold prices are capping one of the strongest weeks of 2023 for the precious metal, spurred on by three main factors. ... [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