-
Gold Wrap, Silver Lining: June 11, 2024
Given the strong and broad gains gold saw from January through May, you'd be forgiven for assuming it was a one-way bet for bulls this year. The usual calls for $3000 emerged with each new record high, but they've quieted down amidst the recent shakeout in prices. While I suspect gold will eventually reach $3000 , it might not happen as quickly as many hope. Gold has seen a solid rise since the 1998 low, which makes the post-GFC retracement between 2011 and 2015 look like a mere flesh wound. Prices have more than doubled since the 2015 low just above $1000, before consolidating in a 4-year bullish continuation ... (full story)
- Comments
- Subscribe
-
- Older Stories
From theconversation.com|Jun 11, 2024Following South Africa’s historic 2024 general election, the ruling African National Congress (ANC) has started a process to establish a government of national unity. This, after ...
From inegi.org.mx|Jun 11, 2024The National Institute of Statistics and Geography (INEGI) presents the results of the Monthly Industrial Activity Indicator (IMAI). This allows us to know and monitor the ...
From cnbc.com|Jun 11, 2024Mining firm Rare Earths Norway says it has discovered Europe’s largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the ...
-
- Newer Stories
From cnbc.com|Jun 11, 2024Singapore is set to become a leading gold hub as trading shifts east, according to the World Gold Council. One key reason is that gold consumption in major emerging economies is ...
From brecorder.com|Jun 11, 2024Copper prices in London hit their lowest in seven weeks on Tuesday under pressure from a weaker yuan, which reduced the purchasing power of top metals consumer China, and rising ...
From home.saxo|Jun 11, 2024Gold XAUUSD was rejected at the minor resistance at around 2,384. That level is the 0.382 retracement of the early May uptrend (red lines). Gold sold off down below key support at ...
- Story Stats
- Posted: Jun 11, 2024 9:16am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 350
