Gold: Markets Give Up Early Gains

Gold: Markets Give Up Early Gains

From dailyforex.com

Gold markets initially rallied on Tuesday as we gapped higher. However, we turned around to show signs of life and then fell again. Ultimately, the market is one that is testing a major support level underneath, so the fact that we have bounced from there does suggest that we are going to eventually have to make a decision for the longer term. At this point, a lot of what people are paying attention to is the Federal Reserve and its hawkish behavior, something that continues. The Chairman of the Federal Reserve Jerome Powell spoke during the trading session where he suggested that the Federal Reserve would be more ... (full story)

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