Gold is one of the best-known commodities. This yellow metal is also one of the most important parts of any diversified portfolio due to its store of value characteristics.
After a positive development at the beginning of the week, almost all weekly gold gains were hammered down on Friday. However, it is still above an important level of support. The current price of XAU/USD - Gold Spot US Dollar is 1 767 (October 15, 2021). Letβs now look at statistical and technical analyzes.
Better than expected US retail sales data pushed the US dollar up. As a result, the price of precious metals has fallen. The current price of XAU/USD - Gold Spot US Dollar is 1 754 (September 18, 2021). This commodity is currently being traded again in an important area. Letβs now look at statistical and technical analyzes.
Few weeks ago, we saw a major crash in the commodity markets, with gold and silver losing value significantly. Were these assets able to recover from the crash and where are they heading now?