GMRgold Blog

Week Ending February 20, 2022 | Gold added to the belief that this current strength in the spot market price is not just a “fluke run” but a firm “leg up”. Spending tireless months battling against the $1,800.00 level of resistance, gold took up residence in a new neighborhood well above that key psychological level.

Week Ending February 13, 2022 | There is reason for optimism in the gold sector with spot prices bumping $1,900.00/ounce up nearly $100 since the beginning of 2022. If the trend continues, the psychological level of $2,000.00 could be breached within 6 – 8 weeks.

Week Ending February 6, 2022 | Gold began the frigid month of February much like the Winter Storm that swept across the nation from Texas to Maine. FROZEN! Stuck in a tight range between $1,796.00/oz and $1,811.00/oz all week.