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The price of gold extends its gains with the weakness of the US dollar index DXY, and mixed Treasury yields as markets start in August in the red.
Gold markets rallied significantly over the last several days, especially due to the interest rates in the United States tightening.
Gold futures extended their gains to end the disappointing month of July.
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Gold markets rallied Friday to close out the week on the good foot.
The gold markets have rallied rather significantly for the second day in a row.
Despite the announcement of the US interest rate hike, as expected, the price of gold gained momentum and rose towards the resistance level of 1740 dollars an ounce.
Gold markets have been relatively quiet as we awaited the Federal Reserve meeting on Wednesday.
The price of gold crept higher as investors started the countdown to the conclusion of the main Federal Reserve meeting where US interest rates are expected to rise significantly.
The gold markets rallied Tuesday only to give back the gains to form a bit of a shooting star.
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For two days in a row, attempts to rise in the price of gold stop at the resistance level of 1739 dollars an ounce,
Gold markets rolled over quite significantly Monday, as it looks like the recovery is starting to take a bit of a rest.
At the end of last week's trading, the price of gold settled above the level of $1700 an ounce, and its gains extended to $1,740 an ounce, before closing the week's trading stable around the $1,726 level.
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Gold markets rallied again on Friday as we have seen a significant bounce from the crucial $1680 level.
Gold markets have turned around quite drastically during the trading session on Thursday after initially hitting the crucial $1680 level.
Gold prices were not able to stop the strength of the US dollar, which it described recently as temporary.