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Gold prices ended Wednesday’s session up $4.34 an ounce, supported by a lower U.S. dollar index.
Gold prices rose to the highest level in nearly four weeks on Tuesday as geopolitical risks and weakness in the greenback bolstered the precious metal’s appeal.
Gold prices settled at $1275.29 per ounce, rising nearly 1.6% over the course of the week, as renewed political unrest in Europe and weakness in the U.S. dollar boosted the precious metal’s safe-haven appeal.
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Gold markets have been a bit difficult over the last couple of months, but as you can see I have drawn a nice uptrend line that has offered support of the last couple of weeks.
Gold prices ended the week up $7.67 at $1255.35 an ounce, snapping a three-week losing streak, as a retreat in the dollar sparked some short-side profit taking.
Gold prices ended Thursday’s session down $2.14, weighed down by the dollar’s bounce on better-than-expected U.S. economic data.
Gold prices rose $11.51 on Wednesday, moving away from a four-and-a-half-month low reached earlier this week, as the U.S. dollar fell after core inflation data missed expectations and the Federal Reserve left the outlook on interest rates unchanged.
Gold prices ended a choppy, two-sided trading session slightly higher on Tuesday, with many investors in wait-and-see mode ahead of the Fed’s policy announcement.
Gold started the week under pressure as investors maintained their risk for appetite.
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Gold ended the week down $25.52 at $1248.07 an ounce, recoding a third consecutive weekly loss, as investors continued to favor risky assets.
Gold prices dropped nearly 1.3% on Thursday to settle at their lowest level since July 21 as a broad selloff in commodities and a stronger dollar pulled the market down.
Gold prices ended Wednesday’s session down $2.89 an ounce as strength in the U.S. dollar and a recovery in stock markets weighed on the market.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices dropped $10.34 an ounce on Tuesday as a stronger U.S. dollar and technical selling pressure continued to weigh on the market.
Gold prices ended Monday’s session up $2.34 an ounce as turbulence in world stock markets whetted investors’ appetite for the relative safety of the precious metal.
Gold prices settled at $1279.89 an ounce on Friday, suffering a loss of 0.69% on the week but making a gain of 0.32% over the month.