Gold 4 Hour Price Update
Updated December 11, 2020 01:57 AM GMT (09:57 PM EST)
The choppiness in the recent four-hour candle price action of Gold continues; to start the current 4 hour candle, it came in at a price of 1837.22998 US dollars, up 0.1% ($1.88) since the previous 4 hours. Out of the 5 instruments in the metals asset class, Gold ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Gold Daily Price Recap
Gold came into today down 0.21% ($3.8) from the open of the day prior, marking the 2nd consecutive day a decline has happened. Those trading within the metals asset class should know that Gold was the worst performer in the class today. Below is a daily price chart of Gold.
Gold Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Gold’s price has gone up 5 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gold for the past day were:
- From The_investmentJ:
@Pres_Black @paddygall1 @tom_the_bomb__ To add, since that is my model. What I am doing now is: 1. Lowering AISC assumption, re-assessing gold price expectations, adjusting my thinking on the total resource to take into account the MRE area + the rest currently not in the MRE + what valuation to put on other targets.
- From Josh_McD22:
@KeithMcCullough Quite frankly, it’s all about the $GOLD price. I’m speculating here; but If we can get to $3000/ounce by 2025, I conservatively estimate the intrinsic value at about $50/share. I think that outcome is probable and the downside risk is low. I continue to buy.
- From xrp_mami:
Nautical Telescope (golden – gold price – golden opportunity)Bright Ball (Christmas Star – Age of Aquarius)Brad G (Midd Evil Knight From the “Middle Ages”)King – Old Financial System BrokenOwl – Christine Lagarde (ECB)BG123 – pic of Xmas surprise – price then regs
As for a news story related to Gold getting some buzz:
TopicsSilver Prices | MCX | Gold Price
BS Web Team |
Last Updated at December 10, 2020 07:47 IST
Gold price today jumped to Rs 53,190 from Rs 53,180 per 10 gm, while silver price was trending at Rs 64,400 per kg, according to the Good Returns website….Gold prices fell Rs 118 to Rs 49,221 per 10 gram in the national capital on Wednesday on a weak global trend, according to HDFC Securities….Support quality journalism and subscribe to Business Standard.
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