⚡️Gold prices fell to a more than one-month low amid sustained USD buying and bets on Fed interest rate hikes. ⚡️Gold price drifts lower for the third straight day and drops to over a one-month trough. The Fed’s hawkish stance continues to underpin the USD and weigh on the commodity. A weaker risk tone fails to benefit the safe-haven XAU/USD or provide respite to...
TVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low. Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price. US retail...
The Decreasing Momentum and Rising Inflation. Gold is Expected to be Down Today. (June, 15, 2021) The Rising Inflation is the killer for Gold Price Action Momentum. This is the Reason of Depletion of Momentum. Traders are in Extremely Fear Sentiment. The Current Momentum is suitable for Scalp Traders. Currently t the Time of Writing Price Action...