Market Beat

August 2018

Gold makes fresh lows for the year

  • The decline in the price of gold has been gradual over the last few months from mid $1,300 / oz on the back of equity market strength and a new found optimism for the US economy.
  • The decline accelerated below $1,200 / oz to $1,175 / oz in mid-August, due in part to the value of the US dollar, but trickled back around $1,200 as markets calmed down towards end of the month.
*The true rate used below is a blend of EBS Market and EBS Direct rates, and account for outlier price submissions and mismatches.
*Bubble sizes represent relative trade sizes for the period selected (1 Aug - 30 Aug 2018)
*High/Low prints are for indication only
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