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Record Moves In Gold As Rally Continues

From tickmill.com

Gold prices continue their impressive run with the futures markets spending its fifth consecutive day at new record highs. A weaker US Dollar and heightened investor uncertainty is fuelling the current buying spree with the rally looking well supported currently. A weaker JOLTS job openings number yesterday sparked fresh selling in the Dollar, which had already come under pressure amidst a reversal in sentiment linked to Trump’s trade war. Trade Tensions Expectations that Trump will strike a deal with China to avoid an escalation of the trade war, as well as Mexico and Canada agreeing to meet Trump’s border requests, ... (full story)

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  • Category: Technical Analysis