View full page at metalsmine.com

 

Weekly Markets Monitor - 21 tonne salute

From gold.org

In a holiday-shortened and geo-politically volatile week, economic data came in stronger than expected—US jobs, manufacturing, retail sales, and confidence all beat forecasts. China showed improving economic momentum and India’s manufacturing output rose. At the same time, in the Eurozone, price pressures from the surge in energy costs are emerging. Gold continues to stabilize above key technical supports including its rising long-term 200-day average. Global gold ETFs have recorded a 21‑tonne inflow to start April - a notable show of support across regions. With market and liquidity stress subsiding, as ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis