Gold markets rallied during the day on Thursday, showing real strength as we approached the $1250 level.
Gold prices ended Wednesday’s session up $1.11 as the American dollar weakened after the release of the minutes from the most recent Federal Open Market Committee meeting.
Gold prices ended a choppy trading session on the downside Tuesday.
Gold prices ended slightly higher Monday but the trading range was relatively tight as the U.S. markets were closed for a public holiday.
Gold prices fell $4.14 on Friday, giving up most of the gains made in the previous session, and closed the week $1235.12 an ounce.
Gold prices ended Thursday’s session up $5.84, supported by a lower U.S. dollar index and a slide in U.S. equities.
Gold markets had an interesting session on Wednesday, as we initially were quite bearish, but then turned around to form a nice looking hammer.
Gold prices rose on Wednesday after choppy trading session.
Gold prices rose $7.87 on Monday as the majority of investors opted to remain on the sidelines ahead of Federal Reserve Chair Janet Yellen's congressional testimony.
Gold markets initially fell during the session on Friday, but found enough support at the 100-day exponential moving average to turn things around and form a nice-looking hammer.
Gold ended the week up 0.96% at $1233.44 an ounce, helped by political uncertainties and a weakened case for a rapid course of U.S. interest rate increases.
Gold prices dropped $13.18 an ounce yesterday as the strength in the dollar and global equities sapped demand for the metal as an alternative investment.
Gold prices rose $7.77 on Wednesday as anxiety over political and economic policy changes in the United States and Europe drove investors into safer assets.
Gold prices ended Monday’s session up $13.31, extending gains to a third straight session, as economic and political risk elements sent investors seeking shelter in safe havens.
Gold prices settled at $1219.35 an ounce on Friday, gaining 2.26% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.