Weekly Market Wrap: Gold Up $14.74 On the Week

Gold volatile amid mixed macroeconomic data and escalating Middle Eastern tensions ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - January 12, 2024 [Gold Price Chart]( ⏱️ Gold in 60 Seconds Current [Gold Spot Price]( $2,048.99 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 week's market news revealed a dynamic period for gold prices, influenced by various economic factors. Initially, gold prices maintained a solid position above $2025 an ounce, reflecting a consolidated stance from the end of 2023. A key influence was a mix of unexpected macroeconomic data and a resurgence of market forces, which surprisingly did not cause significant price volatility. Notably, the release of the December CPI report indicated a slight increase in consumer inflation, challenging the previously positive sentiment fostered by the Federal Reserve's comments. This report momentarily shook expectations for imminent interest rate cuts. Gold prices experienced fluctuations, briefly dipping but recovering to around $2030 per ounce. Additionally, escalating tensions in the Middle East further impacted the market, reinforcing gold's role as a hedge against geopolitical instability. This news drove gold prices to a weekly high near $2060/oz before stabilizing around $2045/oz. The week concluded with gold prices showing signs of promising consolidation as we progress into mid-January. [Read the Full Market Recap](   [BUY GOLD & SILVER AT JM BULLION]( [Shadow] 📰 Top Stories 🔥 Gold Price RECAP: January 1-5 Gold prices dipped slightly when the book of business for 2024 first opened, but at the end of a holiday-shortened week, the yellow metal looks to be in sturdy shape... [Read More >](   🔥 Gold Price RECAP: December 18-22 As we close out the final whole trading week of 2023, gold prices have put in another week of aggressive gains on the firming market expectations for 2024 to be a year of easing interest rates that will act, for a time, as a boon to investment in 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