The gold price appreciated 0.46% since Tuesday’s trading session. On Wednesday, the yellow metal was located at 1,204.24 mark.
In regards to the near future, the rate will surge upwards due to an absence of the technical indicators, which could stop the rate from the surge during the following trading days.
Besides, the technical indicators are showing that the yellow metal will move sideways during the trading day. Moreover, gold is supported by the simple moving averages, which will push the yellow metal to surge upwards.
