Monday Open: $1,332.00
Weekly High: $1,347.00
Weekly Low: $1,311.20
Friday Close: $1,333.10

The price of gold fluctuated within a fairly small range this week, notably pushing above the $1,300 mark. Other than the news of breaking the $1,300 barrier, no major events contributed to the trajectory of the yellow metal this week. Perhaps because traders are starting to enter the summer doldrums, a time when the market slows as people enjoy their vacations, gold moved pretty slowly this week.

Monday exited the weekend with a solid jump beyond $1,300 to a four-week high, inflated by a weak dollar. Tuesday was quiet, with a few downward slumps on technical correction from Monday’s gain.

Wednesday also pulled some downside correction as the dollar regained its strength. Thursday righted those losses with a now sliding dollar, which hit a four-week low. Some jobless claims also came in at lower than expected. The end of the week was fairly quiet, boasting no major news in the global marketplace.

The next major talking point for gold is the Federal Open Market Committee meeting next week, and more U.S. unemployment reports.