Market Analysis

Gold price has fallen to its lowest level since July



After rising more than 1.75% during the first three days of the week, the Dollar Index gave up some of those gains during early Thursday trading. Political partisanship in Washington, exacerbated by a bitter dispute over the intended ‘midnight appointment’ of a Supreme Court judge by President Trump, continues to block fiscal stimulus. Against this backdrop the Fed Chairman stated during a congressional hearing the need for more stimulus measures as the country’s economy continues to wane, which resulted in investors halting their recent rush to the greenback.

Ricardo Evangelista – Senior Analyst, ActivTrades

Source: ActivTrader



Gold price has fallen to its lowest level since late July, while greenback continues to recover with the Dollar Index reaching 94.5. Technically, an important point has now been reached with the break-down dragging the price down to the low point of August. This represents a bearish signal, as the price plummeted to $1,850, well below the support zone of $1,860, while the general market volatility rebounded.

Carlo Alberto De Casa – Chief analyst, ActivTrades


The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication. All information has been prepared by ActivTrades PLC (“AT”). The information does not contain a record of AT’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of futures performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.