After reaching a recent high of $1,255.60 on 21 October, the U.S. Comex gold futures suffered a decline of 1.81% in the past two days to finish at $1,229.10 on Thursday.
Gold prices gave back some ground today as stocks fell and the dollar index rose. Many are still wondering if the recent volatility seen in stocks is over.
After touching a recent low of $1,183.30 on 6 October in Asia, the U.S. Comex gold futures have rebounded 5.78% to $1,251.70 on Tuesday. The gold futures have risen one percent this week after rising for two consecutive weeks.
Gold prices got the trading week off on the right foot as the price of gold rose several dollars per ounce today. Gold rise even as stocks traded higher. Gold prices have been trending higher since retesting the $1183 area recently.
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