-
Gold, silver forecast: Metals drop to test key support levels
Following the release of stronger-than-expected PMI data from the US, the US dollar strengthened and this weighed heavily on precious metals prices. It caused silver to drop more than 3.5% on the session, and gold turned sharply lower after rising to a new high for the week earlier. Despite the volatility, the long-term bullish silver forecast remains unchanged as both metals continue to consolidate their 2024 gains. There’s no clear trend in the short-term outlook, with investors put off a little by the dollar’s continued strength, and reduced demand for haven assets in general with the yen continuing to drop to ... (full story)
- Comments
- Subscribe
-
- Older Stories
From channelnewsasia.com|Jun 21, 2024Three men have been arrested for allegedly using fake gold ingots to cheat a woman of S$4,000 (US$2,900), police said on Friday (Jun 21). Police received a report at about 3.15pm ...
From bankofengland.co.uk|Jun 21, 2024At its September 2023 meeting, the MPC voted to reduce the stock of gilts held in the APF for monetary policy purposes by £100 billion over the period from October 2023 to ...
From litefinance.org|Jun 21, 2024Main scenario: after correction, consider short positions below the level of 2449.48 with a target of 2218.46 – 2161.56. Alternative scenario: breakout and consolidation above the ...
-
- Newer Stories
From kitco.com|Jun 21, 2024The gold market is holding support above $2,350 an ounce but is seeing some renewed selling pressure as both the U.S. manufacturing and service sectors see healthy activity in ...
From traderfeed.blogspot.com|Jun 21, 2024In my recent post, I discuss a conclusion from the writings of many trading psychologists: that successful active trading requires an intuitive feel for market action. My ...
From bnnbloomberg.ca|Jun 21, 2024Palladium surged to the highest in a month as traders bought back their bearish bets amid restocking activity by automakers. Palladium – mostly used to curb emissions from ...
- Story Stats
- Posted: Jun 21, 2024 12:39pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 265
