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Gold Drops in Choppy Behavior in Murky Geopolitical World

From dailyforex.com

Gold dropped on Friday, as traders continue to see a lot of questions about war, inflation, and central bank hoarding of the metal. Gold gapped lower to kick off the session on Friday and has since seen quite a bit of annoying behavior. The gold futures market has been in a “tug of war” phase balancing the safe haven demand against a surging US dollar and persistent inflation. Because of this, gold continues to be a market that I think is very difficult to get your hands on, but there are a few levels that people will be watching closely. One of the biggest concerns is geopolitical risk. Geopolitical risk typically ... (full story)

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  • Category: Technical Analysis