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2019 has been an eventful year in the gold market. The price of the yellow metal has traded in a range from $1266 on the lows in April to $1559.80 per ounce in early September. In June, the precious metal broke out to the upside when it rose above the July 2016 high, and level of critical technical resistance, at $1377.50 per ounce. On November 13, the price of gold was at the $1450 level, above the midpoint of the 2019 trading range.
Gold mining shares typically provide leveraged exposure to the price of gold.