-
Gold: Absorbs Recent Gains
Gold has been fairly noisy during the trading session here in the early hours of Friday, but it does look like we are trying to stabilize. Perhaps trying to turn things around and race back towards the highs. After all, we've had a couple of days’ worth of sideways action at the moment, and that might be what the doctor ordered after the shot higher.Perhaps just going sideways and working off some of the excess froth with more of an upward tilt makes quite a bit of sense and I think a lot of value hunters might be appreciative of any short-term pullback we get. If the market can digest the idea of hanging around ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From dailyforex.com | Sep 28, 2025
The major takeaway from the week was increasing strength in the US economy, but the week ended with renewed fears that something will happen soon to spoil the stock market party, whether it is stubbornly firm US inflation, a potential miliary clash between NATO and Russia, or a simple extreme overvaluation which is bound to come crashing back to earth soon. ...
This, in turn, has pushed the USD Index (DXY) to 98.60, where better sellers have emerged at the August range highs and the 100-day MA. Those long of USDs will want to see a daily close above 98.80 and below 1.1660 (EURUSD) to see technical momentum build, but that will likely require rates traders to reprice/reduce expectations for a Fed cut in the October ...
From zerohedge.com | Sep 29, 2025
On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history. That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of ...
