Gold Price Bounces Back Ahead of 50-Day SMA | Metals Mine

  • Gold Price Bounces Back Ahead of 50-Day SMA

    From forex.com

    The price of gold bounces back ahead of the 50-Day SMA ($3274) to initiate a series of higher highs and lows, and the precious metal may extend the rebound from the start of the week as it holds above the monthly low ($3289). In turn, the price of gold may continue to track the positive slope in the moving average should it push above the opening range for June, but the ongoing shift in US trade policy may sway the precious metal as President Donald Trump announces that ‘our deal with China is done.’ The dissipating threat of a trade war may curb the appeal of gold as President Trump insists that ‘President Xi ... (full story)

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