Category: Market News

GOLD Bullion is holding above the key support level of $1,850 with the price consolidating after the recent rally. European stock markets opened in the green, reinforced by positive news regarding the upcoming vaccine, but this was not a disruptive element for gold, which is only showing a fractional decline. Overall, in the last few…

GOLD Gold broke through the resistance level at $1,850 as the weakening US Dollar, some bits of risk off on stock markets and a final attempt of the Trump team to renew its campaign against China pulled up financial demand for bullion. Moreover, the drop in price of the last few weeks has lifted up…

GOLD After last week’s rebound, gold is taking a break and the price is consolidating and trading between $1,830 and 1,840 per ounce, a fractional decline from last week. The next few trading sessions will tell us how strong the resistance area of $1,850 is, which is the first clear barrier for further recoveries for…

GOLD The sell-off seen on the US Dollar is boosting gold recovery. Bullion is on a fractional gain today, but this week is on track for achieving a 3%+ recovery, while silver jumped by 7%. It is not surprising to see bigger movements on silver, which traditionally behaves as gold’s younger and livelier brother, showing…