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Weekly Market Wrap: Gold Down On the Week

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goldprice.com

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goldpriceorg@email.goldprice.com

Sent On

Fri, Jun 21, 2024 09:46 PM

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Gold volatile on strong economic data and US Dollar ͏  ͏  ͏  ͏ ?

Gold volatile on strong economic data and US Dollar ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - June 21, 2024 [Gold Price Chart]( ⏱️ Gold in 60 Seconds Current [Gold Spot Price]( $2,320.79 Happy Friday, traders. Welcome back to our [weekly market wrap-up,]( where we dive into the economic events and market news that have significantly impacted gold prices and other precious metals throughout the week. This week, gold prices experienced notable volatility, primarily driven by a series of economic reports. Early in the week, gold prices rose due to disappointing numbers from the May Retail Sales report, which created economic uncertainty and hinted at potential easing of monetary policy by the Federal Reserve. Midweek, gold prices stabilized around $2330/oz, bolstered by the market's anticipation of key data releases. However, the release of S&P Global's manufacturing and services reports on Friday dramatically impacted gold prices. Despite a positive start to the week, the strong performance indicated by these reports led to a surge in the US Dollar, causing gold prices to fall sharply. The unexpected strength of the US economy, particularly in comparison to Europe and Japan, further drove the dollar's rise, which in turn pressured gold prices downward. By week's end, gold settled back to its starting point around $2320/oz, highlighting the continued unpredictability in the market as traders look ahead to next week's economic data releases. [Read the Full Market Recap](   [Advertisement](   [BUY GOLD & SILVER AT JM BULLION]( 📰 Top Stories 🔥 Gold Price RECAP: June 10-14 While there have been no outsized shifts or runs of dramatic volatility, gold has had an up-and-down week. One that has turned things around late in the game to bring the yellow metal into a positive position and its first weekly gain in spot prices in a month. [Read More >](   🔥 Gold Price RECAP: June 3-7 Gold prices have dropped precipitously in Friday’s trading, erasing potential gains for the week and sending the yellow metal’s spot price to a 1-month low... [Read More >](     [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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