As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Although, the UK referendum has created more issues than solutions,
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold gained strength.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold and the Japanese Yen gained strength.
At its highest point gold was 8.2% more expensive today than the yesterday's close.
Demand for safer assets appears to be building up, as during the last nine hours the precious metal has already negated yesterday's 0.5% decline.
After the major surge of commodities on Monday morning, the resources started to lose value, and most of them continue the trend on Wednesday.
After the major surge of commodities on Monday, some commodities fell on Tuesday, and gold is among those few, which lost value.
All major commodities surged on Friday, as every commodity gained at least 1.6%. However, Gold was the worst performer among them.
The risk off sentiment has ended, as commodities mark a loss session at the end of Thursday. Every major commodity suffered losses on Thursday with the top losses being booked by oil, as Brent lost 3.6% and Crude declined by 3.8%.
The risk off sentiment continues, as gold and silver gain on Wednesday. However, other commodities did not succeed to surge.
The markets are still in a risk off sentiment, as gold marks a consecutive five trading session surge with a gain of 0.1% on Tuesday.
The risk off sentiment in the markets does not seem to show a stop, as save currencies and commodities continued to rise on Monday. Gold was one of the top commodities Monday, as it managed to gain 0.8%.
As the risk-off sentiment continues to increases in the markets, gold gains strength. The bullion was the top performer between commodities, as it surged by 0.4% on Friday.
As the risk-off sentiment increases in the markets, gold gains strength. The bullion surged by 0.6% on Thursday.
As the US Dollar continued to lose value, the yellow metal increased its gains on Wednesday. The bullion surged by 1.5% on Wednesday
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
Even though initially the yellow metal gained strength yesterday, it lost momentum and fell afterwards.
Gold seems to have fully rebounded and not just fluctuated, as the yellow metal suffered from some sell offs that started in the middle of Wednesday's trading session when the bullion was at $1,218.45, but regained losses after a while and reached the $1,215.77 mark.
The final day of May surprised traders with the bullion rising after nine-day losses that began after expectations for a Federal Reserve interest rate hike skyrocketed amid the latest Fed's meeting minutes two weeks ago.