-
Gold slips below 200-day average as inflation, jobs and Fed risks bite
Gold’s correction deepened over the past week after stronger-than-expected US jobs data and renewed inflation concerns combined to push bullion below its 200-day moving average for the first time since October 2023. The move marks an important technical setback for a market that has spent much of the past four years in a powerful uptrend, supported by central bank buying, geopolitical uncertainty, fiscal debt concerns and persistent demand for portfolio diversification. While the long-term bullish case remains intact, the market is currently being driven by a very different set of forces. Since mid-April, gold has ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From nar.realtor|3 hr agoExisting-home sales increased by 3.2% month-over-month and year-over-year, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the ...
From breakingthenews.net|4 hr agoWholesale inventories in the United States increased by 0.6% in April compared to the revised March reading, reaching $940.3 billion, the Census Bureau said in its report ...
From @LiveSquawk|4 hr ago|214 comments#OOTT | White House official to Al Arabiya TV: Talks on a deal to prevent Iran from possessing nuclear weapons have yielded positive results
-
- Newer Stories
From vtmarkets.com|2 hr 59 min agoFor most of the past century, the red metal was treated as a simple proxy for industrial growth. When factories ran hot, prices rose. When the economy cooled, they fell. That ...
From nypost.com|2 hr 16 min agoA metal detectorist has unearthed a 16th-century ring with eight diamonds — set to fetch up to £20,000 (roughly $26,792) at an auction. Stuart Jones uncovered the stunning “once ...
From cmegroup.com|1 hr 31 min agoDemand drivers such as central bank purchasing trends, the U.S. dollar exchange rate, interest rates, and inflation tend to hold sway over gold and silver markets, often ...
- Story Stats
- Jun 9, 9:26am | 3 hr ago Posted byFundamental Analysis146
- Instrument:
