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Gold ended the week up by 1% at $1319.91 an ounce, recoding a fourth consecutive weekly gain, as the continued weakness in the dollar bolstered demand for the precious metal.
Gold prices resumed the move towards resistance at $1321 level an ounce, the highest in 3 months, after the gold’s gains stopped around that level on Wednesday
Gold prices had an excellent session on Wednesday, as gains moved towards the resistance level at $1321 an ounce, the highest level in 3 months.
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Gold prices fell $4.48 an ounce on Wednesday, ending an eight-day streak of gains, as a rebound in the dollar and the market’s inability to penetrate the $1321
The Gold prices recorded gains reached to $1321 an ounce during the morning trading on Wednesday, before it bounced quickly to $1312 an ounce at the time of writing
Gold prices rose $9.84 on Tuesday as the dollar continued to fall on the first trading day of the new year.
With gold prices moving above the psychological peak level at $1300 an ounce at the last 2017 trades on last Friday, it helped the yellow metal maintaining the upward
Gold prices settled at $1302.40 an ounce on Friday, rising 1.85% during the week and 13.1% over the year.
Gold prices rose for a sixth consecutive session on Thursday, hitting the highest level since November 29, as the dollar’s weakness persisted.
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It seems that the yellow metal is trying to close the last trading of 2017 higher, as the gold prices achieved gains pushing the price toward 1280 an ounce
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.
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.