On Friday, gold updated the annual maximum, but as a result, trading finished at the opening level of the trading day.
On Thursday, gold finished trading with a confident growth, more than 0.7%, and the quotes again reached the maximum values of the year.
On Tuesday, most of the day gold was trading in the red zone, remaining under pressure from the dollar and a rather optimistic situation on the stock markets.
Gold has completed a very successful trading week by updating its annual highs against the background of the publication of weak data on the US labor market.
Trading on Thursday was closed in the green zone, due to the moderate weakening of the dollar.
On Tuesday, gold stopped its growth and traded in different directions, in a rather limited price channel.
On Wednesday, gold was trading most of the day in the green zone, due to the high demand for defensive assets, but with the beginning of the American session, the bulls lost all their advantage and trading ended at the opening level of the day.
Gold finished trading on Tuesday in the red zone, being under pressure from the US currency.
On the first day of the new trading week, gold was expectedly trading in a limited range, keeping the lateral direction of movement.
Gold ended the trading week on a positive note, thanks to the increased geopolitical risks, against which investors are reluctant to take risks and actively buy traditional defensive assets.
