With trade tension on the rise once again after US President Trump threatened more tariffs unless China accepts US demands and China pessimistic about a significant trade deal,
The gold markets pulled back a bit during the day on Thursday as we continue to see a lot of volatility around the world.
The instability is the most prominent support for the gold prices performance in recent times
Gold markets went back and forth during trading on Wednesday as we continue to see a lot of confusion in the markets.
Investor risk aversion has increased with the expected length of time for the signing of a trade agreement between the United States and China
Gold markets have initially pulled back during the trading session on Tuesday but turned around to show signs of life yet again.
The decline of the US dollar and weaker investor risk appetite pushed the price of gold to return to gains at the $1464 resistance after trying to drop
Despite the recent bounce attempts by gold prices, which reached during last week's trading to the $1475 level, in a correction attempt after the price hit the $1446 support,
Gold markets have pulled back just a bit during the trading session on Friday, as we continue to bounce back and forth.
Gold has been under extreme selling pressure as traders rotated out of this safe-haven asset and moved into riskier ones.
Gold markets have a good session on Thursday, breaking above the highs from the Wednesday session and continuing to go higher
Undoubtedly, gold is an ideal safe haven for investors in times of uncertainty.
Gold markets rallied a bit during the trading session on Wednesday, as the $1450 level seems to have offered a bit of a floor.
The downward correction pressure of gold pushed it towards the $1446 support level, the lowest in three months
Gold markets initially fell during trading on Tuesday, reaching towards the vital $1450 level that I have been talking about. However, we did find enough support in that area to turn things around and form a nice-looking hammer.