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Gold Price Declined and Simultaneously Rose in 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The U.S. dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior? The London spot price of the shiny metal, in U.S. dollars, declined 9.56 percent from $1172 to $1060 last year, marking its fourth full year in a bear market. It also fell from the perspective of the Swiss franc, British pound and Japanese yen. However, gold prices quoted in other major currencies show a different picture. Let’s look at the charts

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