Gold is currently on bearish momentum. At 15:00 EST on Wednesday, 6 January, Gold is at $1,918.60 and 1.83% down since the last session's close.
Gold Range
Gold is 1.746% down from its last session low of $1,952.70 and 2.062% down from its last session high of $1,959.00.
Gold is 2.06% down from its last three sessions higher value of $1,959.00 and is 0.66% up from its last three sessions lower value of $1,906.10.
Gold is 2.06% down from its last seven sessions higher value of $1,959.00 and is 2.23% up from its last seven sessions lower value of $1,876.80.
Gold is 2.06% down from its last month's higher value of $1,959.00 and is 5.03% up from its last month's lower value of $1,826.80.
Volatility
Gold's last day, last week, and last month's average volatility was 0.56%, 1.25%, and 0.62%, respectively.
Gold's last day, last week, and last month's high and low average amplitude percentage was 0.32%, 0.44%, and 0.37%, respectively.
Last news about Gold
Gold miner etfs surge to ring in the new year. According to MarketWatch on Monday, 4 January, "The iShares MSCI Global Gold Miners ETF jumped 6.5% in midmorning trade, while the VanEck Vectors Gold Miners ETF was up 5.5% and the Sprott Gold Miners ETF gained 4.6%. "
Gold price forecast: xau/usd surges up to fibonacci resistance. According to DailyFX on Monday, 4 January, "But the first full trading day of 2021 has seen that topside theme take over again, as Gold prices have broken out above both 1900 and 1920, eventually finding resistance at 1943.41, which is the 14.4% Fibonacci retracement of the 2018-2020 major move (shown in blue on the below chart).", "If bulls are able to retain control of this Gold breakout in early-2021 trade, the next big levels of potential resistance may show around 1965, which is the current three-month-high; followed by 1979 which is the 23.6% Fibonacci retracement of the same June-August major move. "
Asia stocks to drop on virus spike; gold rallies: markets wrap. According to Bloomberg Quint on Monday, 4 January, "Asia stocks are set to decline Tuesday amid concern that a surge in global coronavirus cases could crimp the nascent economic recovery and ahead of key runoff elections in the U.S. Gold rallied."
Virus chaos slashes India’s gold imports to lowest since 2009. According to Bloomberg Quint on Tuesday, 5 January, "That's the lowest in records going back to 2009, according to World Gold Council data."
Soma announces 2020 full year gold production of 17,179 ounces. According to Business Insider on Wednesday, 6 January, "VANCOUVER, BC, Jan. 6, 2021 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: PRSRF) (formerly Para Resources Inc.) ", "Javier Cordova, Soma's President and CEO, states, "2020 was an excellent year for Soma Gold Corp. The acquisition of Operadora Minera in June has been a "game changer"."