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: Wall Street Regains Ground; Another Intervention in the Yen Marketβ
Three Markets to Watch Next Week (July 31, 2026)
Market Wrap: European equities at 3-week highs! Apple dips in US premarket!
Economic Calendar: Key European CPI Readings and Oil Giantsβ Earnings