Gold runs a parallel uptrend channel
Updated
Weaker-than-expected US economic data out on Monday, including PMI, supported gold.
Although gold prices could recover to $1,940 before potentially falling lower, “interest rates remain a significant drag
Although gold prices could recover to $1,940 before potentially falling lower, “interest rates remain a significant drag
Note
The US will publish the June economic optimism index and the US Federal Reserve (Fed) will publish the Minutes of the June meeting. Minutes of in-depth assessment of the Fed's stance on monetary policy as well as predicting the outcome of future interest rate decisions. These two pieces of information have a great influence on the gold market.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.