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The collapse of global stock markets, military tensions between Russia and Ukraine, and skirmishes in the Middle East are factors that supported the price of gold in the upward movement.
Gold markets initially pulled back a bit on Tuesday but found enough support underneath to continue going higher.
During the beginning of this week's trading, gold prices continued to rise, as investors sought to buy safe assets amid intense selling in global stock markets.
Gold markets went back and forth on Monday as we continue to see a lot of volatility in general.
Amid inflation concerns and a drop in cryptocurrency prices, the price of gold rebounded, posting the biggest rise in three months to its best level since November.
Gold markets fell a bit on Friday to reach down towards the $1831 level.
Gold markets initially shot higher during the trading session on Thursday again, but now look as if the momentum is starting to run out.
Amidst the best daily performance of the gold price in more than two months, the price of an ounce of gold moved yesterday, starting from the level of $ 1810, towards the resistance level of $ 1844 per ounce.
There is no doubt that the return of the US dollar’s recovery is an important factor to stop the pace of the recent gains in the price of an ounce of gold.
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Gold markets were extraordinarily volatile in a session that featured a lot of fear.
The last trading sessions for the price of an ounce of gold witnessed relative stability in a range between the support level of $1812 and the level of $1823 an ounce.
Gold markets were steady on Monday as it was Martin Luther King Jr. Day in the United States, which wiped out quite a bit of the liquidity.
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Sign up to get the latest market updates and free signals directly to your inbox.There is no doubt that the recent selling of the US dollar was a strong catalyst for the gold market in achieving its recent gains
Gold got hammered on Friday as we had initially tried to rally during the day, but it looks as if we are struggling to break out of a significant consolidation area.
Gold market sold off rather drastically, but the market then turned around to show signs of life in order to form a bit of a hammer.