The gold price is consolidating above $1,800 with bullion holding onto this significant threshold despite stocks in green. This confirms investors’ huge appetite for the yellow metal in this uncertain phase on markets. Technically, apart from the psychological level of $1,800, we can see a first support at $1,790. As long as the price remains above this level, the bullish movement will continue, pulling up the price to new highs.
On a separate note, the trend remains positive also for silver, with the spot price again above $19 as investors are betting on a quick economic recovery.
