Gold markets have gone back and forth during the trading session again on Tuesday, as we are stuck between a couple of major areas.
Gold markets tried to rally again to kick off the week on Monday, but as you can see, we have given back a bit of the gains.
Gold prices ended the week up $1.96 at $1287.48 an ounce, recoding a fourth consecutive weekly gain.
Gold prices fell $7.39 an ounce on Thursday as rising stock prices dented the appeal of the safe-haven metal.
Gold prices ended Wednesday’s session up $7.93 an ounce as the U.S. dollar extended losses following the release of the minutes from the Federal Reserve’s December meeting.
Gold prices are in a bearish correction for 4 days in a row, reaching to $1279 an ounce, with the return of trader’s optimism towards the possibility of a trade agreement between the USA and China.
Gold prices rose $3.43 an ounce on Monday as investors bet that the Federal Reserve will not raise interest rates this year if economic growth slows further.
Gold prices ended Friday’s session down $9.09 an ounce as the dollar rose in the wake of U.S. non-farm payrolls data for December, which suggested the economy maintained strong momentum at the end of 2018.
Gold prices rose $8.21 an ounce on Thursday, as the dollar weakened and investors sought safety from volatile stock markets.
Gold prices ended a two-sided trading session slightly lower on Wednesday.
Gold prices ended the week up $22.54 at $1280.50 an ounce, supported by a lower U.S. dollar index and a decline in U.S. Treasury yields.
Gold prices rose $8.63 an ounce on Thursday as volatility in stock markets boosted demand for the safe-haven metal.
Gold prices ended Wednesday’s session down $5.89 an ounce, pressured by a firmer U.S. dollar index and a rebound in the U.S. stock market.
Gold prices ended the week up $19.31 at $1255.32 an ounce on the back of a weaker U.S. dollar and a selloff in equities.
Gold prices advanced to their highest level in nearly six months on Thursday after losses across global stocks and a pullback in the dollar pushed investors into safe-haven assets.