ProShares Ultra Gold

UGL

Market cap $1.12B

Silver, gold, copper, and other metals hit all-time highs throughout the week. David McAlvany has a price target of $8,000 an ounce in gold for the next three years.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

There has been a long-awaited narrowing of the performance gap between mega-cap tech and the rest of the market (particularly small caps). It hasn't happened - it's been a series of head fakes.

Gold pulled back from record highs but found support at key trend levels, reinforcing the bullish structure as buyers defend rising averages and prepare for a possible continuation breakout.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Gold and platinum markets are also moving lower.

Ultimately, this is a market that's moving higher based on central bank behavior, geopolitics, momentum, and many other things.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Gold continues to see a lot of sideways action on Friday, as traders are still bullish overall, but are also waiting on the next catalyst to drive price higher.

Gold rally cools after 7.4% year-to-date surge. Profit-taking meets geopolitical shifts.