View full page at metalsmine.com

 

Gold Holds Near 2020 High as Fed Main Street Program Goes Operational

From dailyfx.com

The price of gold appears to be stuck in a narrow range after trading to a fresh 2020 high ($1789) at the start of the month, but current market conditions may keep the precious metal afloat as the Boston Federal Reserve announces that the Main Street Lending Program is now “fully operational.” The price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout July as the Relative Strength Index (RSI) carves a upward trend and approaches overbought territory. The kneejerk reaction tothe US Non-Farm Payrolls (NFP) report suggests upcoming data ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis