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Gold: Struggling to Continue Gains

From dailyforex.com

Gold markets pulled back just a bit during the trading session on Thursday but still looks somewhat bullish and it certainly looks as if it is trying to build some type of base. This is all based upon stimulus of course, and the idea that central banks around the world are going to continue to flood the markets with cheap currency. As they devalue fiat currency, that drives up the demand for precious metals and “things.” Gold is certainly one of the first places that people will be running towards, but it should be noted that during the day on Thursday Mitt Romney and Lisa Murkowski both suggested that they are not ... (full story)

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  • Category: Technical Analysis