The yellow metal reached a new 3-month high at $1,240

After the rally of the first 15 days of the year, gold declined to $1,180 last week. Today, on the first trading sessions of this week, the yellow metal is recovering, trying to approach, once again, the key area of $1,200

Another speech of Mario Draghi will open the week where UK and US GDP will be announced

We said couple of weeks ago “The DAX is waiting for a direction”. The direction arrived in the first few days of December, with a strong positive impulse

Gold is still suffering after the Federal Reserve increased the officials interest rates last Wednesday and reached a new 10-month-low at $1,122.

The strength of the US dollar punished the gold in the last few weeks, The silver price reaction was different,  holding better than the yellow metal.