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Gold futures looked to generate momentum in the middle of the trading week after the US annual inflation rate matched economists’ expectations. Gold has struggled to sustain any direction, with investors monitoring the stock market boom and keeping an eye on the rocketing US Treasury yields. But gold might be taking advantage of a slowing buck and bond ...
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Gold’s recent dip to a two-month low has raised questions about whether its rally has run its course. Technical indicators suggest the metal could see further downside, with key support around $2,540 aligning with the 100-day moving average and highs from August. chart Also, we have weak (but growing) expectations that the Federal Reserve will push back ...