The gold market is quite quiet
Gold price stands at $1,962, a slight increase of $6 compared to yesterday morning. The gold market is quiet as investors await the July employment report for clues about the Federal Reserve's future monetary policy.
Despite positive economic data and the Fed's hawkish stance, gold remains supported around $1,950. The precious metal market is stagnant as investors focus on the tightening monetary policies and reduced money supply in the US.
Despite positive economic data and the Fed's hawkish stance, gold remains supported around $1,950. The precious metal market is stagnant as investors focus on the tightening monetary policies and reduced money supply in the US.
Kommentar:
BlackRock and MSCI are under investigation by a congressional committee for enabling American investment in Chinese companies that support China's military and violate human rights.
Kommentar:
🕯 BUY GOLD | 1936 - 1939
🔴 SL: 1931
🟢 TP1: 1945
🟢 TP2: 1955
🔴 SL: 1931
🟢 TP1: 1945
🟢 TP2: 1955
Kommentar:
The USD's strong recovery has negatively impacted the price of gold in a market lacking catalysts. This morning, the US Dollar Index reached its highest level in 3 weeks at 102 points.
Kommentar:
🕯 BUY GOLD | 1929 - 1932
🔴 SL: 1924
🟢 TP1: 1945
🟢 TP2: 1955
🔴 SL: 1924
🟢 TP1: 1945
🟢 TP2: 1955
Kommentar:
Rising risk aversion sentiment in the marketplace is not providing much support for gold as investors continue to react to Fitch Rating's announcement, downgrading the U.S. government's long-term debt to 'AA+' from 'AAA.
