Home Blog Market Analysis Weekly Market Analysis / 3-7 October 2022

Weekly Market Analysis / 3-7 October 2022

by Buse Kozok
Weekly Market Analysis /  3-7  October  2022

The ounce of gold price increased by 1.16 percent from $ 1.643 to $ 1.660 last week. On Monday this week, the Fed's decision for an emergency meeting and the messages coming from it may cause fluctuations in the price of ounce gold.

While following the data of the September manufacturing purchasing managers index, combined PMI, service purchasing managers index for September, and Construction purchasing managers index in the UK in the EURO region this week; On the US side, we will follow the September ISM purchasing managers index, August job opportunities and personnel turnover, raw stock data, applications for unemployment benefits, and September non-farm employment data.

When we look at the ounce gold price on a weekly basis; Attention should be paid to the level of $ 1,640 below and $ 1,680 above.

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