Gold Prices Show Modest Increase, Reaching Highest Settlement...
The July delivery of Front Month Comex Gold saw a modest increase of 60.00 cents per troy ounce, equivalent to a 0.03% gain, reaching $1921.70 today.
This marks the second consecutive session of gains, with an overall increase of $12.50 or 0.65% over the past two sessions. This two-day performance represents the largest dollar and percentage gain since Thursday, June 15, 2023. Moreover, it also stands as the highest settlement value since Monday, June 26, 2023.
However, compared to its 52-week high of $2048.00 recorded on Thursday, May 4, 2023, the current price reflects a decline of 6.17%. Conversely, it has experienced a significant upward trend, rising by 18.38% from its 52-week low of $1623.30 achieved on Monday, September 26, 2022. Looking back over the past year, there has been a substantial increase of 6.83%.
Furthermore, the current price is 6.17% lower than its 2023 settlement high of $2048.00 on Thursday, May 4, 2023, but it has risen by 6.24% from its 2023 settlement low of $1808.80 on Friday, February 24, 2023. Comparing it to its record high of $2051.50 reached on Thursday, August 6, 2020, the price has experienced a decrease of 6.33%.
As for the year-to-date performance, the gold price has risen by $102.00 or 5.61%.
Please note that all prices mentioned are calculated based on the settlement price of the current front month contract.
XAUUSD
BUY 1919- 1921💯💯
✅ TP1: 1927
✅ TP2: 1933
🛑 SL: 1915
This marks the second consecutive session of gains, with an overall increase of $12.50 or 0.65% over the past two sessions. This two-day performance represents the largest dollar and percentage gain since Thursday, June 15, 2023. Moreover, it also stands as the highest settlement value since Monday, June 26, 2023.
However, compared to its 52-week high of $2048.00 recorded on Thursday, May 4, 2023, the current price reflects a decline of 6.17%. Conversely, it has experienced a significant upward trend, rising by 18.38% from its 52-week low of $1623.30 achieved on Monday, September 26, 2022. Looking back over the past year, there has been a substantial increase of 6.83%.
Furthermore, the current price is 6.17% lower than its 2023 settlement high of $2048.00 on Thursday, May 4, 2023, but it has risen by 6.24% from its 2023 settlement low of $1808.80 on Friday, February 24, 2023. Comparing it to its record high of $2051.50 reached on Thursday, August 6, 2020, the price has experienced a decrease of 6.33%.
As for the year-to-date performance, the gold price has risen by $102.00 or 5.61%.
Please note that all prices mentioned are calculated based on the settlement price of the current front month contract.
XAUUSD
BUY 1919- 1921💯💯 ✅ TP1: 1927
✅ TP2: 1933
🛑 SL: 1915
