Gold Posts Longest Winning Streak Since 2006

From orbex.com

It’s been another frustrating week for gold bulls. Price battled to move higher, but once again stayed capped by recent highs to end the week back inside last week’s range. While momentum has contracted somewhat, gold has posted its eighth consecutive winning week, a streak not seen since 2006. Gold Boosted By Fed Easing Expectations The main driver for upside in gold this week was the release of the June FOMC meeting minutes. In the June meeting, the Fed outlined the likely need for monetary easing in the near future. Since then, the market has increased bets on a July rate cut. Consequently, the minutes took on ... (full story)