As investors await the publication of US economic statistics, the gold market is demonstrating erratic behavior. Despite a climate of heightened hawkishness, the US GDP is anticipated to see positive growth. Increasing core CPI has not resulted in a decrease in demand for durable goods.
Written by: Winona Grant
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As the U.S. dollar continues to function like a wrecking ball that destroys practically everything, gold markets have declined significantly during the week.
Written by: Winona Grant
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The gold markets fluctuated during Thursday’s trading session, as we observe a great deal of erratic behavior in general.
Written by: Winona Grant
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After shattering a support line that had held for two months, the gold price has continued to decline and is now within striking distance of an annual low. The XAU/USD bears are optimistic due to firmer yields and worries about China. The US retail sales report is being anticipated with caution after lower than expected CPI and PPI failed to calm hawkish Fed predictions.
Written by: Winona Grant
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Tuesday’s gold markets plummeted as the CPI number was far higher than anticipated. Nevertheless, we are nearing a big support level.
Written by: Winona Grant
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The gold market has declined slightly during Thursday’s trading session as investors anticipate Friday’s employment report.
Written by: Winona Grant
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Tuesday’s trading session saw a slight decline in gold prices, as we continue to hover near the same support gap that we tested on Monday.
Written by: Winona Grant
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Gold markets fell initially during Monday’s trading session, but have since shown signs of life as they cling to the $1750 support level.
Written by: Winona Grant
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Gold markets initially gained on Thursday, but rapidly reversed course, displaying an inverted hammer pattern.
Written by: Winona Grant
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