Gold: Approaching $1800

From dailyforex.com

Gold futures rose after the US government announced that US consumer prices rose more than expected. Accordingly, the yellow metal may be on track to achieve its best performance in one session in several months, supported by weak Treasury yields and a weaker US dollar. The price of an ounce of gold moved towards the resistance level of $1796, achieving gains of about $40 dollars in yesterday’s session alone, and settled around the $1790 level as of this writing. Gold prices have been disappointing in 2021, falling by 6% year-to-date. But the precious metal is up 1.7% this week. Silver, the sister commodity of ... (full story)