Friday, April 4, 2025

Investors sell gold to cover stock losses, but price remains above moving average of $3,023

 

 Reported here:

... Spot gold was down 2.9% at $3,024.2 an ounce, after hitting a session low of $3,015.29 earlier in the session.

It hit a record high of $3,167.57 on Thursday. For the week, gold was down 1.9%.

U.S. gold futures settled 2.8% lower at $3,035.40.

On the technical front, spot gold price managed to hold above its 21-day moving average of $3,023. ...