5:46 PM · 4 August 2020

Gold hits $2000 for the first time ever

Spot gold continued to rise and surpassed the historic level of $2,000. Gold rally could continue especially if there is another round of QE from the US Federal Reserve and other major central banks. During today's session, gold rose 1% and silver is appreciating almost 5%. However, we are currently observing a correction move, sellers appeared at the local retracement level of 161.8% Fibo. In the event of further declines, the nearest support is located at $ 1988.8 - which is the lower limit of the 1: 1 structure.

GOLD M15 interval. Source: xStation5

7 August 2026, 6:55 PM

Daily summary: Dollar rout after NFP, Gold back on the rise

7 August 2026, 5:58 PM

Three markets to watch next week (07.08.2026)

7 August 2026, 3:33 PM

Gold gains almost 3% trying to reverse the trend

7 August 2026, 3:07 PM

US OPEN: Shallow rebound in the shadow of a weak labor market

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