Gold up 1% on Week, Still Below Key $1,800 Level By Investing.com – Investing.com
- Date: 14-Aug-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Gold up 1% on Week, Still Below Key $1,800 Level By Investing.com – Investing.com
By Barani Krishnan
Investing.com - Gold finished with a weekly gain of 1%, after the meltdown that took it to sub-$1,700 levels.
But the recovery was far from the fabled likes of a phoenix rising from its ashes. As the dust settled on Friday’s trade, longs in the market were still short of recapturing the key $1,800 level that would be prerequisite to the yellow metal regaining some bullish shine.
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