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Gold Continues to Move Higher as Rates Drift lower
The gold market rose as the rates in the United States dropped early on Thursday. The gold market has rallied a bit during the early hours on Thursday and now looks as if it is trying to break above the 50-day EMA. All things being equal, you need to be cautious here because Friday is the non-farm payroll announcements in the United States and that will have a major influence on where we go next. At this point, I think eventually gold will try to get to $4,900, but we also have to pay close attention to the 10-year yield in the United States because as it falls, that tends to help gold and when interest rates rise, ... (full story)
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- May 11, 2026 5:00am Posted byTechnical Analysis140
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