On Monday, the bullion was among three main commodities on the exchange market to increase in value.
On the first working day of the New Year, the bullion used to be the second-best performer among all main commodities on the market.
On December 31, the bullion continued to be increasingly volatile for a fourth consecutive day, even despite New Year holidays, which usually decrease trading volumes.
Yesterday, the price of Gold increase substantially, as the yellow metal managed to gain 1.46% during the trading day, which is usually calm in terms of price movement due to Christmas and New Year holidays.
On the first day of the new week, Gold was among those commodities to decrease in value, while the only performer to the upside used to be natural gas, which became 5.47% more expensive, judging from market prices.
Last Friday, the bullion increased in price considerably, as it managed to advance 1.89% during the trading session at the end of the week.
On Tuesday, the price of the yellow metal was completely unchanged, as calm development followed a sharp decline one day before.
On the first day of current trading week, Gold declined considerably along with many other commodities on the market, as only corn managed to rise 0.3% during last 24 hours.
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