Gold Price Prediction – Gold Markets Continue to Exhibit High Volatility
Throughout Wednesday’s trading session, gold markets were all over the place as we continue to seek market balance.
Throughout Wednesday’s trading session, gold markets were all over the place as we continue to seek market balance.
During Thursday’s trading session, the gold market reached the bottom of the general consolidation region. Given that we are awaiting CPI data on Friday, it seems reasonable that gold would be volatile.
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On Thursday, gold gained more than 1% as the dollar and Treasury rates fell, enhancing the safe-haven appeal of metal in the aftermath of weak U.S. job figures. Spot gold rose by 1.4% to $1,840.97 an ounce, while U.S. gold futures rose by 1.4% to $1,841.2 an ounce.