The price of Brent crude oil is recovering and gold and silver prices are also rising

The price of gold ends

The spot price of gold is rising, reaching the level of $2,393 per troy ounce recorded last Friday. Above it is the $2,400 mark and the April high of $2,431.

For now, the downtrend line from May to July at $2,386 could, however, cap, as it did on Wednesday.

Only a drop to Tuesday’s low of $2,350 would involve the 55-day SMA at $2,343 before the May 24 low of $2,326 and the early July low of $2,319.