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
Daily Summary: A Rollercoaster Ride in the Commodities Marketπ¨Oil Drops 7%; Gold Rallies Over 2%π₯
π¨Oil and gas in Europe in a panic sell-off
Chart of the Day: Brent crude falls despite Trump's words about no desire to negotiate
Economic Calendar - Global series of industrial PMI indicators and tech giants' results