gold investment

Gold Chart 2018

Gold Chart 2018

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Gold price chart for 2018 shows that after consolidating in the first three months of the year, gold was declining. The yearly high was formed on January 25 at $1362.90. Then the market traded within a clear downtrend until half of the August. The yearly low was formed on August 16 at $1184.00. This bearish price action correlated with the ongoing stock market’s rally. The main U.S. stock market indexes reached new record highs in the third quarter of the year. Then we saw a quick and relatively big correction in stocks and a rebound in gold price following the fears of global trade war, economic slowdown. In the late December, the price of gold got closer to $1300. The final close of the year was $1281.30. Overall, gold lost $28.00 (2.14%) in 2018.

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