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Metals shine bright after the FOMC meeting – Silver (XAG/USD) & Gold (XAU/USD) intraday outlook

From marketpulse.com

Silver and Gold are bouncing higher in today's session, with the bid taking traction in the wake of the Federal Reserve and a barrage of other global central bank meetings; With both Crude Oil and the US Dollar stumbling during today's session, precious metals and broader risk assets are shining bright again. For weeks if not months, metals have been trapped in a truly bizarre, choppy range. Despite numerous attempts, bulls have been completely unable to gather sustained upside momentum – This came along with a lack of real safe-haven demand, and the questioning on whether metals are still valuable at current ... (full story)

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  • Category: Technical Analysis