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Weekly Market Wrap: Gold Up $45.19 On the Week

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goldprice.com

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goldpriceorg@email.goldprice.com

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Fri, Nov 17, 2023 10:45 PM

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Gold Prices Rise Despite Fluctuating Economic Indicators ͏  ͏  ͏  ͏

Gold Prices Rise Despite Fluctuating Economic Indicators ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - November 17, 2023 [Gold Price Chart]( ⏱️ Gold in 60 Seconds Current [Gold Spot Price]( $1,981.50 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. In the past week, the gold market experienced notable fluctuations, primarily influenced by key economic reports. The Consumer Price Index (CPI) for October, which showed a more significant than expected cooling of inflation, initially spurred a surge in gold prices. This data led to a perception that the Federal Reserve might halt interest rate hikes, weakening the US Dollar and favoring gold. However, the following Producer Price Index (PPI) report, suggesting deflation in manufacturing costs, briefly shifted market sentiment towards riskier assets, slightly dampening gold's ascent. Intriguingly, an unexpected rise in new unemployment claims further fueled gold's rally, as it reinforced beliefs that the Fed might pause its monetary tightening. Despite these swings, gold prices have generally maintained an upward trajectory, closing the week with robust support, influenced by the evolving economic landscape and market interpretations of Federal Reserve policies. [Read the Full Market Recap](   [BUY GOLD & SILVER AT JM BULLION]( [Shadow] 📰 Top Stories   🔥 Gold Price RECAP: November 6 - 10 Gold prices are slinking back to a level that is perhaps more “neutral” on Friday, peeling away large strips of the price gains made in recent weeks. [Read More >](   🔥 Gold Price RECAP: October 30 - November 3 Gold prices are netting out to look relatively flat in Friday’s trading, following a flurry of trading activity around this morning’s labor market data at the end of what has been another healthy week for the precious 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

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