Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
Gold prices stayed above the 50-day moving average, closing last week at $1,767.20 per ounce.
Major U.S. indexes ended mixed last week. The S&P 500 increased by 2.71%, the Dow Jones Industrial Average was up 1.95%, the NASDAQ Composite was up 3.12%, and the Russell 2000 small-capitalization index lost 0.46%. The 10-year Treasury bond yield fell 6 basis points to 1.66%, as Treasury bonds rose for the week. Spot gold closed at $1,743.88, up 0.84%.
Gold prices moved sideways last week, closing at $1,732.30 per ounce.
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 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.
Gold continued to consolidate around $1,950.00 per ounce last week, closing at $1,974.90 per ounce on Friday.