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Weekly Market Wrap: Gold Down $25.81 On the Week

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goldprice.com

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goldpriceorg@email.goldprice.com

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Fri, Sep 8, 2023 09:30 PM

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Gold faces downward pressure from strong US Dollar ͏  ͏  ͏  ͏  

Gold faces downward pressure from strong US Dollar ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [GOLD PRICE LOGO]( WHERE THE WORLD CHECKS THE GOLD PRICE Gold Daily - September 8, 2023 [Gold Price Chart]( ⏱️ Gold in 30 Seconds Current [Gold Spot Price]( $1,919.14 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 past week, gold prices experienced notable fluctuations which were influenced by a few key economic indicators. The revelation that the US economy's service sector is accelerating at a faster-than-anticipated rate indirectly pressured gold prices, as it heightened expectations of the US central bank possibly continuing its rate hikes. Mid-week, gold saw a decline of around $10/oz, stabilizing near the $1915 mark. However, towards the week's end, a weakening US Dollar offered some reprieve to gold, allowing for a modest recovery. Presently, gold seems to have established a stable ground near the $1920 level. With impending inflation data on the horizon next week, it's crucial to remain vigilant, as it could be a significant determinant for gold's trajectory. That wraps it up! Wishing you all a great weekend, and let’s touch base next week for another market snapshot. [Read the Full Market Recap](   [Shadow] [BUY GOLD & SILVER AT JM BULLION]( 📰 Top Stories   🔥 Gold Price RECAP: August 21 - 25 Despite a very hawkish summer holiday for the FOMC in Jackson Hole, gold prices are closing our Friday in the red for the day but in the green—and critically above previous resistance—for the week... [Read More >](   🔥 Gold Price RECAP: Agust 14 - 18 There’s no nice way to say it: gold prices are ending the week at the tail of another ugly skid, despite a likely inter-day gain on Friday.... [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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