Gold Prices Record Weekly Gain as Fair Value Support Strengthens

Gold posted a weekly rise, settling at 4,056 per ounce after reaching a high of 4,171, marking only the fourth positive week out of the past 14 trading weeks. The net weekly gain was modest at +0.8%, but analysts noted the increase as a sign of renewed momentum.

The metal’s movement is being measured against a "fair value" benchmark, which analysts say is currently supportive. They highlighted that the fair‑value line tends to lag price and may rise over the long term, especially as the Federal Reserve could intervene to support US Treasury debt and finance banking needs. The report also cited the ratio of the S&P 500’s market capitalization to the liquid money supply, now about 2.8 ×, as part of the broader market context.

Since the end of the gold standard in 1971, gold has generally trailed its fair‑value estimate, though last year it surged dramatically, likened to a meme‑stock rally. Analysts suggest that gold remains an attractive long‑term investment when trading at or below fair value.