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Is the Gold Market Finally Giving a Bullish Signal?
Over the last 48 hours, the gold market has shown signs of life despite the fact that we had been in a significant downtrend. At this juncture, we have to ask whether or not we are starting to form some type of bottoming pattern. We are on the precipice of making a large decision here as to the future of the gold market trend. Ultimately, when you look at the gold market, you cannot look at it in a vacuum. There are a lot of things going on at the same time. For example, the United States dollar strengthening is not helping gold by any stretch of the imagination, but ironically, this is happening while interest rates ... (full story)
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Gold prices eased lower in the first half of Monday’s session, even as the US dollar edge lower. Investors have largely looked through the latest military exchanges involving the US and Iran, especially after the two sides have apparently agreed to end days the fighting around the Strait of Hormuz and resume peace talks. The trend is clearly bearish on ...
From stonex.com | 3 hr ago
As the Memorandum of Understnading over the Middle East went into effect last week this gave gold a short-lived uplift, but resistance from the ten-day moving average was strong enough to repel advances. Tensions flared again over the weekend and have put gold onto the back foot once more as concerns over medium-term inflationary forces and the associated ...
IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA! President DJT
