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Has One Tweet Reversed Gold's 3-Month Downtrend?

From kitco.com

While one tweet has helped to reverse gold’s near-term fortunes, some analysts have said that more work needs to be done to end the yellow metal’s three-month downtrend. Although gold is ending is second week in negative territory, the market is well off its one-year lows as the U.S. dollar bulls reacted to comments from President Donald Trump. Gold’s bounce started Thursday afternoon after Trump said, in an interview with CNBC, that he was “not thrilled” with rising interest rates as they are hurting economic growth. August gold futures have managed to hold on to its gains heading into the weekend, last trading at ... (full story)

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  • Category: Fundamental Analysis