Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2021

Market insights and analysis

rss

Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Last week, gold declined below the 50-day moving average on the weekly chart, found support at $1,750.00 per ounce, and closed the week at $1,769.00 per ounce.

Last week, the gold spot price was up 2.05% and the U.S. Dollar Index was down 0.34%.

Gold prices spiked last Thursday (May 6) and continued rising Friday after the release of a weak U.S. jobs report.

Gold prices stayed above the 50-day moving average, closing last week at $1,767.20 per ounce.

Last week, the gold spot price was up 0.04% and the U.S. Dollar Index was down 0.76%.

Gold prices continued their upward trend last week, closing at $1,777.80 per ounce.

Last week, gold prices broke above the 50-day moving average on the daily chart, closing the week at $1,780.20 per ounce.

Last week, gold prices continued moving up off the “double bottom” pattern identified in last week’s article. They broke above the resistance trend line that began at the start of 2021 and then approached the 50-day moving average before closing the week at $1,744.80 per ounce.

Last week, the gold spot price was down 0.19% and the U.S. Dollar Index was up 0.18%.

Gold prices bounced back a second time off the $1,670-per-ounce support level they found three weeks ago.

Last week, the gold spot price was down 0.73% and the U.S. Dollar Index was up 0.92%.

Gold prices moved sideways last week, closing at $1,732.30 per ounce.

Last week, the gold spot price was up 1.05% and the U.S. Dollar Index was up 0.26%.

Gold prices bounced off the support level at $1,675.00 per ounce, closing the week at $1,719.80 per ounce.

Gold prices continued to fall last week, approaching a support level at $1,675.00 per ounce.

Gold prices broke down below their 50-day moving average, closing the week at $1,728.80 per ounce.

Last week, the gold spot price was up 0.56% and the U.S. Dollar Index was down 0.62%.

Inflation warning

Gold broke down last week, testing January’s low at $1,800 per ounce before rallying back to close at $1,800.30 per ounce.

Gold prices continued to consolidate last week, as the 50-day and 200-day averages converged.

Gold prices ended last week at $1,856.20 per ounce and remained above the 200-day moving average on the daily chart.

Last week, the gold spot price was down 1.11% and the U.S. Dollar Index was up 0.75%. The Gold Bullion Strategy Fund (QGLDX) lost 1.22% for the week. The value of the COMEX gold futures, which closes early at 1:30 p.m., was down 0.30% for the week. The short-duration fixed-income ETF holdings within QGLDX were up for the week, averaging about a 0.03% gain.

Gold prices consolidated last week, remaining above the 50-day moving average on the weekly chart and closing the week at $1,829.90 per ounce.

Last week, the gold spot price was down 2.60% and the U.S. Dollar Index was up 0.18%.

Gold sold off on Friday (1/8), closing just below the 200-day moving average at $1,835.40 per ounce.

Last week, the gold spot price was up 0.79% and the U.S. Dollar Index was down 0.43%.

Gold prices started the new year by hitting $1,900 per ounce and closed the week at $1,889.10 per ounce.

Last week, the gold spot price was up 0.11% and the U.S. Dollar Index was up 0.34%.

Gold prices remained above the 50-day moving average, closing the week at $1,883.90 per ounce.

Gold prices resumed their upward trend last week, breaking above the 50-day moving average.

Last week, the gold spot price was up 0.05% and the U.S. Dollar Index was up 0.30%.

Gold continued to trend above the 200-day moving average, closing the week at $1,840.00 per ounce.

Gold prices bounced back last week after finding support at the 200-day moving average.

Last week, positive news about the COVID-19 vaccines provided a temporary boost for the equities market. Gold prices responded by moving down to the 200-day moving average.

Gold moved sideways last week, closing at $1,872.40 per ounce.

Last week, the gold spot price was down 3.18% and the U.S. Dollar Index was up 0.57%.

Gold climbed back from the steep decline it experienced on Monday (11/9) after U.S. drugmaker Pfizer said its COVID-19 vaccine was more than 90% effective based on initial trial results.

Last week, the gold spot price was up 3.86% and the U.S. Dollar Index was down 1.92%.

Gold broke back above both the $1,900-per-ounce support level and the 50-day moving average, closing the week at $1,951.70 per ounce.

Election uncertainty

Gold prices broke below the $1,900-per-ounce level, testing the previous lows that were reached in late September.

Last week, gold prices continued to find support around $1,900 per ounce.

Last week, the gold spot price was down 1.61% and the U.S. Dollar Index was up 0.67%.

Uncertainty ahead

Gold prices continued to stay around the $1,900-per-ounce support level, closing the week at $1,906.40 per ounce.

Gold continued to consolidate around $1,950.00 per ounce last week, closing at $1,934.30 per ounce on Friday. This extended consolidation pattern provides a buying opportunity in the current gold bull market.

After setting new highs by breaking $2,000 per ounce the previous week, gold prices retraced, closing at $1,949.80 per ounce last week.

The price of gold climbed well past $2,000 per ounce last week, closing at $2,028 per ounce. Gold’s year-to-date gain as of August 7 was over 28%.

Gold set new all-time highs last week, finishing at $1,985.90 per ounce. The precious metal is now in position to reach $2,000 per ounce.

Gold rose over 4.5% last week, approaching all-time highs in both spot prices and continuous futures contracts.

Gold prices closed slightly up at $1,810.00 per ounce on Friday (July 17), as the bull market continued for the precious metal.

Gold prices hit $1,829.80 per ounce last week, a nine-year high, before closing the week at $1,801.90 per ounce.

Gold moved up toward the top of its current trading range last week, building support within the current bull market. It closed the week at $1,753 per ounce.