Gold markets gapped lower to kick off the trading session on Tuesday, but then turned around to reach towards the 200 day EMA above.
Although global central banks announced as one to tighten monetary policy, including those who actually raised interest rates, at the same time, appetite for buying safe havens increased amid Omicron fears.
Gold markets gapped lower to kick off the trading session on Monday, turned around to fill that gap, only to fall again.
Although the global central banks decided to tighten their monetary policies, including those who actually raised interest rates, appetite for safe havens increased amid global fears of the Omicron variant which threatens a global closure on Christmas.
Gold markets initially tried to rally on Friday but gave back early gains to form a massive shooting star.
Gold markets have rallied significantly during the trading session on Thursday to reach towards the 200 day EMA.
The price of gold fell strongly after the US Federal Reserve announced plan to end asset purchases and start with three interest rate increases in 2022.
Now that the Wednesday FOMC meeting has come and gone, it appears that the gold markets have found Powell's statement and FOMC decision to be reasonably bullish.
Gold futures contracts joined the financial markets that are negatively affected, as gold fell to $1766 before settling around $1772 as of this writing.
The gold markets fell again on Tuesday as we continue to see a lot of negativity out there.
Gold futures rose this week, violating the general bearish trend that dominates global financial markets.
The gold market initially tried to rally on Monday to reach towards the $1790 level.
Gold futures posted modest gains at the end of the trading week amid the US annual inflation rate rising to its highest level in nearly 40 years.
Gold markets had a rather volatile Friday session as we bounced around to show signs of indecision.
Gold markets have gone back and forth during the course of the trading session on Thursday as it seems like we do not have anywhere to be.