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StoneX weekly gold, silver round-up; gold suffers the Death Cross
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 potential for higher bond yields ae keeping potential investors on the sidelines. Activity remains thin and as the quarter-end approaches the next couple of days will be instructive. Silver is underperforming gold, reflecting its industrial demand profile with the ... (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 dailyforex.com | 12 hr ago
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 ...
Gold prices eased on Monday as recent US-Iran strikes in the Gulf pushed oil prices higher, while expectations of US Federal Reserve interest rate hikes further weighed on the non-yielding metal. Spot gold was down 0.7% at $4,061.35 per ounce, as of 0242 GMT. US gold futures for August delivery lost 0.5% to $4,076.40.The metal was headed for a fourth ...
