Gold dips, taking a breather after surpassing key $1,500 level | Metals Mine

  • Gold dips, taking a breather after surpassing key $1,500 level

    From reuters.com

    Gold edged down on Thursday as equities markets recovered, the U.S. dollar strengthened and traders locked in profits after bullion surged past $1,500 to a more than six-year high in the previous session. Spot gold was down 0.4% at $1,495.43 per ounce as of 10:21 a.m. EDT (1421 GMT). U.S. gold futures fell 0.8% to $1,507.50 per ounce. The metal has risen more than 16% so far this year, and about $100 over the past week, in a stellar run propelled by trade tensions between Washington and Beijing, falling bond yields and an increasingly dovish shift in policy by global central banks. “We got a little bit of a relief ... (full story)

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auricforecas
Aug 8, 2019 5:12pm
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Some countries are waiting for it to drop so they can pile enormous amounts... but at the same time, they do not seem to be able to afford the wait either Specially at times like this... where we are in a constant pressure... everything can change after one FED/ECB announcement or TWEET And this "key level" is becoming less of an importance now that central bank compete who will print more of the toilet paper... they just can't wait for an excuse "he/they did it first" style.. Meanwhile.... smart countries piling up gold... and also, individuals... with population rising and GOLD seems to be ONE METAL that fits all
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676f6c64
Aug 8, 2019 10:37am
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And it's edging back up...
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