2024-04-26 Gold News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Detailed Analysis of XAU Exchange Rate Dataset
After a close analysis of the provided time-series data, several key observations have been made regarding the behavior and changes in the XAU exchange rates. The following insights have been gathered:
1. Trend Analysis
The overall trend of the XAU exchange rates reveals an incremental growth pattern. At the start of the timeline, the exchange rate is at 3164.56. Over time, it gradually spikes to 3194.88 and further to the maximum of 3205.12. This indicates that the rates generally increase over the period displayed in the dataset.
2. Seasonality and Recurring Patterns
There doesn't appear to be any clear seasonality or recurring patterns within the scope of this particular dataset which spans a single day. The data does not show regular intervals of increase, reduction, or stabilization of the rates that repeat at constant time frames. A longer span of data would be necessary to identify any potential seasonal or cyclical patterns.
3. Identification of Outliers
Anomalies or outliers in time series data are data points that do not conform to the prevalent trend or pattern. In this dataset, notably, there are jumps from 3174.60 to 3184.71 and from 3184.71 to 3194.88 and finally to 3205.12. These spikes, particularly the spike to 3205.12, differ significantly from the overall gradual upward trend and can thus be considered outliers or abnormal changes.
Considering the scope of this dataset which is 24-hour, the data seems to reflect the usual fluctuation of the exchange rate over a standard working day. Note that without considering external factors such as market trends, policy changes, economic indicators, etc., this analysis strictly relies on the patterns observed in the dataset itself.