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Gold: Attempts to Recover Recent Losses
Gold futures were little changed ahead of two crucial inflation reports later this week. Overall, financial markets have been paying close attention to the language expressed during US Federal Reserve Chairman Jerome Powell’s visit to Capitol Hill to determine any hint of when officials might cut US interest rates. According to gold trading platforms, prices rose towards the $2,385 per ounce level, recovering from recent losses that pushed gold towards the $2,349 per ounce support level. Recently, gold rose by about 1% last week, and is up more than 14% year-to-date. In the same performance, silver prices, which is ... (full story)
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- Posted: Jul 11, 2024 5:53am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 471
