Gold Suffers Over the Week

Gold Suffers Over the Week


3/12/2021 8:42:40 AM

Gold Struggles Over the Week

Gold hit $1,711.52 by 9 a.m. EST. It’s been a bad week for Precious Metals in general, and in particular for Gold. It rallied through Thursday but lost much of its gain for the week today.

Markets have been up and down this week, but they’ve mostly trended up. Monday was a rough day for tech stocks and other growth stocks, which pushed the Nasdaq down. It responded with a massive day on Tuesday. Stocks continue their trend up.

Joe Biden’s COVID-19 stimulus bill has made it through all the legislative roadblocks to his desk, and checks are to be sent out to Americans as fast as possible.

Jobless data for the week was much rosier than anticipated, fueling a market rise to end the week and pushing Gold back down.

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies

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