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With positive US retail sales figures, contrary to expectations of a larger decline, the gains of the US dollar increased and the price of the gold ounce was pushed
Gold markets initially tried to rally during the trading session on Tuesday but gave back the gains to reach towards the $1400 level.
The price of an ounce of gold stands at $1420 for several sessions.
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Gold markets gapped a little bit higher during the trading session on Monday, starting out the week rather strong.
On the gold’s daily chart, it seems clear that the stability of prices for four trading sessions respectively, with gains stopped around the $1427 resistance level, before settling around $1411 at the time of writing.
The Gold markets did very little on Friday, rallying slightly but at the end of the day we haven’t changed much.
Gold markets initially tried to rally during the trading session on Thursday but then turned around to show signs of weakness.
Strong signs from the Federal Reserve of a near interest rate cut for the first time in a decade have strongly weakened the US dollar,
Gold markets rallied significantly during the trading session on Wednesday after initially trying to fall.
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The price of a gold ounce is cautiously awaiting the monetary policy updates of the US Central Bank today, stabilizing around the $1396 resistance, with losses during yesterday's session reaching $1385 an ounce
Gold markets continue to grind and go nowhere ahead of the Humphrey Hawkins testimony scheduled for Wednesday and Thursday in the United States.
Gold markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than attractive looking candle stick from the bullish sign.
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Sign up to get the latest market updates and free signals directly to your inbox.For three consecutive trading sessions, the price of an ounce of gold moved in a bearish correction from the $ 1428 resistance level to reach $ 1410 per ounce
Gold markets broke down rather hard during the trading session on Friday, filling the gap from the beginning of Thursday.
Gold markets were very quiet during the trading session on Thursday as Americans celebrated the Independence Day holiday.