Gold recovers from a multi-month low
Gold has been out of investors' grace as of late. However, a strong rebound can be spotted today. Gold price bounced off the lower limit of the downward channel and rallied above the $1,800 mark. Other precious metals like SILVER, PALLADIUM and PLATINUM are also booking solid gains today. US dollar weakness is a prime reason behind today's recovery.
Gold recovers above $1,800 after a test of the lower limit of the downward channel. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
