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Gold Price Futures Technical Analysis - March 13, 2019 Forecast
Safe-haven buying and weaker-than-expected U.S. economic data are helping to boost gold prices on Wednesday. The early session surge was fueled by concerns over Brexit after British MPs rejected U.K. Prime Minister May’s strategy to leave the European Union. In other news, U.S. wholesale prices barely increased in February after falling for three straight months, a sign there is little inflation pressure in the economy. The Durable Goods report was mixed. This news means the Fed will remain “patient” about raising rates, which is supportive for gold prices. At 13:10 GMT, April Comex gold is trading $1307.70, up ... (full story)