Gold Trying to Find Its Footing
From dailyforex.com
The gold market has rallied slightly on Friday, as traders are trying to determine whether or not interest rate markets will calm down. The gold market has rallied a bit during the early hours on Friday as we continue to see a lot of moves in the markets based on the idea that interest rates are throwing things around. After all, interest rates in America rising are typically bad for gold, but we've seen such a sell-off in the gold market has been because of the higher rates as of late. When you look at what's going on now, the question then becomes whether or not we are trying to form some type of consolidation ...
(full story)