Gold Ends The Week Bullish

Gold, on the world market, has ended the week bullish after climbing to about $1500 an ounce this past week. Gold prices have been fluctuating in the last few months with some speculators saying it was going to destabilise the world economy. Central banks across the world are cutting interest rates and people are constantly looking for safe havens assets.

Gold climbed to an all-time high of $1507.30 per ounce on 7 August and fell twice to $1497.70 as of today. Before the bullish trend started on 2 August Gold had been fluctuating since June with $1426 being the highest for that period.

Silver was also bullish in the same week as it reached a 14 month all-time high to close the week at $16.90 an ounce after it had climbed to $17.16 on 7 August before falling and settling at 16.90 as of today.

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More: Bloomberg


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