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The gold markets have rallied significantly during the trading session on Wednesday, slicing through the $1800 level.
As expected, gold prices continued to achieve gains, and reached the resistance at $1797 an ounce, the highest level in nine years,
Gold markets have rallied during the trading session on Tuesday again, breaking out to a fresh, new high.
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Despite gains of global stock markets, the gold prices got support from the fears related to the strength of the second Coronavirus wave in the United States of America
Gold markets have rallied again after initially falling on Monday.
Gold was quiet during the Friday session as traders were away for the Independence Day holiday in the United States and therefore was essentially a Globex session only.
The positive US job numbers were stronger than expected, and it was a catalyst for the markets to give up, even temporarily, of safe havens.
The gold markets initially fell during the Globex session on Thursday but found a solid wall of support at the $1765 level.
As expected, the recent and continuous gold gains pushed the technical indicators to overbought areas
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Gold markets have initially tried to rally during the trading session on Wednesday, but they have pulled back a bit moving towards a major value level.
Gold price gains increased sharply, reaching the $1786 resistance, the highest level in eight years, and gold futures for August increased by $19.30 or about 1.1% to $1,800 an ounce, the highest settlement since September 2011.
Gold: The Precious Metal Remains Glittering At New Highs
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets initially pulled back a bit during the trading session on Tuesday but then turned around to show signs of strength again.
The price of gold almost didn’t move at all at the beginning of this week’s trading, as the movement during yesterday's session ranged
Gold markets have gapped higher to kick off the week, but then turned around to show signs of strength again as we filled the gap and essentially bounce right back.