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Daily Gold News: Gold Going Sideways Following Monday's Rebound


forecasts
Daily Gold News: Gold Going Sideways Following Monday’s ReboundGold is 0.2% higher this morning, as it continues to trade within a consolidation. The market remains close to $1,850 price level.
Jan 19, 2021 12:42 PM GMT
The gold futures contract gained 0.4% on Monday after bouncing from an overnight low of around $1,800. The market gave back almost all of its December’s advance recently. Gold is trading within a short-term consolidation, as we can see on the daily chart (
the chart includes today’s intraday data ):
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Gold is 0.2% higher this morning, as it continues to trade within a consolidation. The market remains close to $1,850 price level. What about the other precious metals? Silver is 1.2% higher. Platinum is gaining 1.1% and palladium is 0.4% higher. ....

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