After amaizing rally in December 2017, gold opened 2018 at 1302.90. As buyers continue tu push price furder, gold reached the high price of the year 1358.46 in early 2018 at January 24. That level becomes the strong resistance which buyers couldn’t break for weeks, after which sellers took over the precious metal in middleContinue reading “Gold lost only 1.55 percent in 2018”
LBMA-i market data makes it possible for market participants to gauge the size and shape of the precious metals market for the first time in history. The data represent all LBMA Market Makers’ and some Full Members’ share of the Loco London and Loco Zurich OTC markets. Data is displayed as an average over aContinue reading “LBMA reveal daily gold turnover data on London and Zurich OTC market for the first time in history”
Here is the latest data of the largest gold holders by the end of 2017 in metric tons. The Nr.1 is still United States with 8,133.5 tons of gold, followed by Germany in 2nd place with 3,373.6 tons of gold and International Monetary Fund (IMF) with 2,814.0 tons of gold in 3rd place.
Gold opened 2017 at 1250 and in the same week reached low of the year at 1246. During the middle of the year, 1300 and 1200 was levels of resistance and support, after which gold reached a top of the year at 1357 on September 08. The fall has started returning the precious metal atContinue reading “Gold is up 13% in 2017, same as the EUR/USD”