Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

XAUUSD Gold Forecast and Technical Analysis



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Gold prices rose on Friday, reversing earlier losses as the Catalonian parliament's declaration of independence bolstered safe-haven demand for the precious metal.

Gold futures for December delivery settled up 0.51% at $1,276.06 on the Comex division of the New York Mercantile Exchange. Prices had earlier dropped to a three week low of $1,263.80. For the week gold prices were down 0.68%.

Catalonia's parliament on Friday declared independence from Spain, adding to fears over instability in the European Union. The moves prompted Spain's prime minister to sack the Catalan government and call elections next month.

Gold is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off.

Gold's gains were held in check as the U.S. dollar continued to trade near three-month highs against a currency basket.


Continue Reading

This article was written by Emre Tutucu for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

< Previous
  • 1
Next >
Featured Videos