On the last day of the previous trading week, the yellow metal was among those commodities to decrease in value.
Yesterday, the yellow metal rebounded moderately after three days of sideways development, as it managed to advance 0.74%.
On Thursday, the yellow metal was the only commodity to decline in price on the market, which is a rather rare situation.
Yesterday, the yellow metal was rather volatile in terms of price changes, as at first mostly negative data on European PMI indicators pushed the Gold to trade higher, while later optimistic German and US statistics made the bullion to decrease in price.
Yesterday, the price of yellow metal lost as much as 2.40% and registered its fastest decline since November 27.
On Friday, the bullion decided to consolidate further around the $1,220 level, as it lost just 0.42% during the trading day.
During Thursday, the price of the yellow metal gained only 0.12%; however, it was among the only three commodities on the market to advance, along with corn and silver, as they added 1.21% and 0.18%, respectively.
"Opened positions for Gold stay positive (59% bullish / 41% bearish). It is possible that Gold will continue growing in price, with the closest resistance for it located at 1,244 and is represented by the monthly R2. At the same time, the probability of a downside movement exists as well, while for that purpose the closest support is placed at
"Opened positions for Gold stay positive (58% bullish / 42% bearish). It is possible that Gold will continue growing in price, with the closest resistance for it located at 1,244 and is represented by the monthly R2. At the same time, the probability of a downside movement exists as well, while for that purpose the closest support is placed at
"Opened positions for Gold stay positive (59% bullish / 41% bearish). It is possible that Gold will advance in price, with the closest resistance for it located at 1,202 and is represented by 55-day SMA and the monthly R1. At the same time, the probability of a downside movement exists as well, while for that purpose the closest support is
"Opened positions for Gold stay positive (61% bullish / 39% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,202 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Opened positions for Gold stay positive (58% bullish / 42% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Opened positions for Gold remain positive (57% bullish / 43% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Opened positions for Gold are positive (59% bullish / 41% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
On Monday, Gold was one of the best-performing commodities on the market, as it advanced as much as 3.83% over the trading day. Along with that, Crude and Brent oil gained 4.31% and 3.41%, respectively, while silver surged 6.53%. From another side, natural gas slipped 1.98% and was the only commodity to register a fall in price yesterday. The Gold trimmed
Gold plunged the most in three weeks on Friday after Swiss voters overwhelmingly rejected a referendum forcing the Swiss National Bank to hold 20% of its reserves in gold and preventing from ever selling any, as well as requiring to physically repatriate all Swiss gold held abroad. Meanwhile, in India, the world's second biggest gold buyer, where the wedding season
Yesterday the price of Gold dropped as much as 0.43% in its price over the trading day and was one of many commodities that declined in course of the trading session. Corn added further value to rise 1.10%, while Brent plummeted 6.65% on news that OPEC will not decrease extraction of oil. Despite lack of fundamental news and the Bank
On Wednesday Gold lost 0.26% in its price and was one of many commodities that declined yesterday. The only commodity, which managed to advance, was corn, which added as much as 1.10%. The same tendency for Gold is showed in its cross with the Greenback. Negative data from the States is supporting the price of the metal, keeping it around