Five steps forward and three steps back. This represents how the most recent activity looks on a weekly gold chart. Beginning the week of March 13^th, for five consecutive weeks, gold prices closed higher on the week.

Despite attempting to find a foothold and some price stability today, gold still suffered a major price decline this week. Gold futures are currently trading at 1229.30, marking a net change of approximately $0.60.

The current selling pressure in gold and silver continues and accelerates, even with a dynamically weaker U.S. dollar. The U.S. dollar is once again trading under pressure, making this the fourth day in a row. As of 3:30 Eastern Standard Time, the U.S.