Silver/AUD

Federal Reserve Bank of Atlanta President Raphael Bostic said he backs raising rates by a further 1.25 percentage points by the end of this year to counter inflation that has been worse than he expected. “The lack of progress thus far has me thinking much more now that we have to get to a moderately restrictive stance,” he told reporters Wednesday via a ...

The bearish pressure on gold prices continue to bring the price lower and might reach the $1,585 – $1,600 area soon. Traders will continue to stick with a bearish scenario for now until a new higher high is printed on the chart. On the lower side, if the $1,585 – $1,600 support area produce major bullish reaction then there might be chance to enter long ...