Gold Price Bounces Back Ahead of 50-Day SMA
From forex.com
The price of gold bounces back ahead of the 50-Day SMA ($2953) to register a fresh weekly high ($3099), and bullion may continue to track the positive slope in the moving average as it still holds above the indicator. The price of gold may further retrace the decline from the monthly high ($3168) as it snaps the series of lower highs and lows carried over from last week, and the ongoing shift in US trade policy may keep the precious metal afloat as it clouds the outlook for global growth. Join David Song for the Weekly Fundamental Market Outlook webinar. David provides a market overview and takes questions in ...
(full story)