Wed, 06 Dec 2023 15:41:23 GMT
Gold retraces down after booking new high
The consolidation of gains of the metal's price ended with a sharp surge that shortly reached above 2,140.00. Namely, the metal surged by 4.61% as a new month started. However, the gains were quickly erased, as the price returned to levels near 2,020.00.
On Wednesday, the price was finding support in 2,020.00 and resistance was provided by the 50-hour simple moving