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Gold looking to extend rally as yields and dollar retreat

From forex.com

The new week has started how the last one ended for FX and precious metals, ahead of a busy week. By midday in London, gold was up for the fourth day, and third week, while silver was up for the fifth consecutive session. The US dollar index was a touch weaker after falling in the previous two weeks. Will we see precious metals make further ground this week? In part, it all depends on the US dollar, which for now has retreated further after the Fed hiked interest rates by the expected 75bps last week and said that rate decisions moving forward will be on a meeting-by-meeting basis. With several key commodity prices ... (full story)

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  • Category: Technical Analysis