Up from $1517.27 at the year end 2019 The price of gold is ending the year just under the $1900 level. The current price is trading at $1897.93. That is up $3.54 or 0.19%. The high price today reached $1900.89. The low price extended to $1885.49. For the year, the price at the end of 2019 closed at $1517.27. For the year the
Month: December 2020
The AUD is the strongest As 2020 winds to a close, the USD is ending as the weakest with the AUD as the strongest. The greenback fell nearly -9.8% vs the AUD as Australia was relatively little impacted by coronavirus. The rise in commodity prices helped the AUD currency as well. The USD had bouts
Nasdaq the big winner in 2020 The S&P and Dow are closing at record levels at the year end. The Nasdaq led the charge in 2020 with a gain of 43.64% That was the largest gain since 2009 S&P was up 16.26%. Since 2010 the S&P is up 240% 57% of the gain in the
Everyone goes back to zero 2020 was a year of incredible opportunities in financial markets but the FX market was more of a sideshow than the main participant. I think that chances in 2021. There are going to be some of the big trends that make for big trades that last months. We’ve seen the
Previous record was Tuesday at 53,275 964 dead vs 575 a day ago The daily deaths are approaching the April peak of 1172. I’m sympathetic to the argument that the new variant is more transmissible. Otherwise, it’s very difficult to explain this spike despite the December lockdown. Other countries where they don’t have this variant
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EUR/USD is posting modest daily losses on Thursday. Profit-taking ahead of the New Year holiday seems to be weighing on the EUR. EUR/USD is up more than 2% for the second straight month in December. After closing the previous four trading days in the positive territory, the EUR/USD pair edged slightly lower on the last
GBP/USD is finishing the year on the front foot amid a weaker USD. Sterling traders continue to mull the themes of UK lockdowns, vaccination and continued Brexit negotiations into 2021. GBP/USD is finishing the year on the front foot, with the pair crossing above the 1.3650 mark for the first time since May 2018 and
Gold have the best year since 2010, rising $350 or 22%. XAU/USD continues to test the $1900 area, a critical short-term resistance. Gold is about to end the year with a bullish bias, testing the $1900 barrier, supported by a US dollar decline. It gained 22% over the year and hit a record high at
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