2024-04-29 Gold News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
The exchange rates provided in the dataset displays an overall increasing trend. The starting rate for the period on 29th March 2024 is 3030.30303, which progressively increases over the time span to 3194.88818 on 26th April 2024. This indicates that the XAU rates generally grew during the month, showing an upward trend.
Seasonality or Recurring Patterns
Seasonality in this data set is tough to examine due to the nature of the data set and the relatively brief duration it spans. The data does not show a clear seasonal pattern or a specific recurring pattern such as a consistent daily or weekly change. A repeated pattern may be visible with a more extended dataset covering multiple years.
Outliers in the Exchange Rates
An outlier in this dataset refers to a XAU exchange rate figure that significantly deviates from the established upward trend. Considering it's a progressive increase, the value dipping to 3039.51368 on April 1st, 2024 between concurrent values of 3058.10398 might be considered a slight outlier. Nonetheless, the degree of deviation for most values isn’t significant, implying minimal fluctuations.
These observations are made based exclusively on the dataset provided, without considering external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. In order to make more accurate predictions about the exchange rate behavior, it would be beneficial to include these external factors in future data analysis.