Gold is currently on bearish momentum. At 08:00 EST on Wednesday, 6 January, Gold is at $1,934.20 and 1.03% down since the last session's close.
Gold Range
Gold is 0.947% down from its last session low of $1,952.70 and 1.266% down from its last session high of $1,959.00.
Gold is 1.27% down from its last three sessions higher value of $1,959.00 and is 1.47% up from its last three sessions lower value of $1,906.10.
Gold is 1.27% down from its last seven sessions higher value of $1,959.00 and is 3.06% up from its last seven sessions lower value of $1,876.80.
Gold is 1.27% down from its last month's higher value of $1,959.00 and is 5.88% up from its last month's lower value of $1,826.80.
Volatility
Gold's last day, last week, and last month's average volatility was 0.56%, 1.25%, and 0.62%, respectively.
Gold's last day, last week, and last month's high and low average amplitude percentage was 0.32%, 0.44%, and 0.37%, respectively.
Last news about Gold
Gold miner etfs surge to ring in the new year. According to MarketWatch on Monday, 4 January, "The iShares MSCI Global Gold Miners ETF jumped 6.5% in midmorning trade, while the VanEck Vectors Gold Miners ETF was up 5.5% and the Sprott Gold Miners ETF gained 4.6%. "
Gold price forecast: xau/usd surges up to fibonacci resistance. According to DailyFX on Monday, 4 January, "If bulls are able to retain control of this Gold breakout in early-2021 trade, the next big levels of potential resistance may show around 1965, which is the current three-month-high; followed by 1979 which is the 23.6% Fibonacci retracement of the same June-August major move. ", "It's been fast start to the year, particularly in Bitcoin and Gold: Gold prices have wasted no time in breaking out to begin 2021 trade. "
Asia stocks to drop on virus spike; gold rallies: markets wrap. According to Bloomberg Quint on Monday, 4 January, "Asia stocks are set to decline Tuesday amid concern that a surge in global coronavirus cases could crimp the nascent economic recovery and ahead of key runoff elections in the U.S. Gold rallied."
Virus chaos slashes India’s gold imports to lowest since 2009. According to Bloomberg Quint on Tuesday, 5 January, "That's the lowest in records going back to 2009, according to World Gold Council data."
Soma announces 2020 full year gold production of 17,179 ounces. According to Business Insider on Wednesday, 6 January, "Mr. Edwin Naranjo Sierra, FAusIMM, MSc, Senior Geologist and Director of Exploration for Soma Gold Corp. is the Qualified Person, within the meaning of NI 43-101. ", "Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration. "