Gold (XAUUSD) Up $8.22 On 4 Hour Chart, And A Story About Buffett; Started Today Up 0.42%

Gold Daily Price Recap

Gold is up 0.42% ($8.22) since the day prior, marking the 9th day in a row an increase has occurred. Out of the 5 instruments in the metals asset class, Gold ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Gold.


Gold Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Gold’s price has gone up 23 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gold for the past day were:

  • From theRealKiyosaki:

    Dennis Gartman respected gold bull is out of gold. Thinks gold price has peaked. I agree. Silver still around $25 Oz. $50 next? Everyone can afford. If you have money Bitcoin is moving up. I am out of gold loading on silver and Bitcoin. What are you doing? Got silver and Bitcoin?

  • From RameshKisani:

    @aajtak @INCIndia Those who are questioning the increase in price of Rafale planes paid by Modi Govt. Must be knowing well that 6 months back, Gold price in intl mkt was $1200 per ounce, silver was @ $12, today Gold is near $2000 per ounce n Silver is @ $24/-

  • From dhruvrawani:

    @AdityaD_Shah @AnishA_Moonka @adi2five It can have a knee jerk reaction..but the real tracker should be the US dollar, the more money printing happens, the more dollar devalues and more it works better for gold. A higher gold price only tells you one much your greenback has lost its value

As for a news story related to Gold getting some buzz:

Gold prices hit all-time high, and it’s a bit of a mystery why – CBS News

But the jump in gold prices is highly unusual because stock prices have also surged recently after dropping in early March as coronavirus began to spread in the U.S. Gold is usually seen as a safe haven when stocks are falling or when inflation is rising….The latest increase in gold prices also came as diplomatic tensions between the U.S. and China¬†are rising….Buffett has called investors who buy gold when the price is rising, even during times of uncertainty, “foolish.” The Associated Press contributed to this report.