hello traders here is my BUY bias on GOLD and what's moving the commadaty !
n the U.S., data released on Friday said the Core Personal Consumption Expenditure Price Index grew by a stronger-than-expected
3.1% year-on-year in April.Gold is pretty much drawing its strength from inflation fears and some inclination of the yields… the dollar is staying weaker that’s fairly supportive. Gold bulls now have their eyes set on $2,000 and most of the guys are thinking it’s going to go quite higher,
Investors now await key U.S. economic data for May, including the Institute of Supply Management (ISM) manufacturing PMI, to be released on Tuesday. Further data, including non-farm payrolls and the unemployment rate, is due on Friday.
n the U.S., data released on Friday said the Core Personal Consumption Expenditure Price Index grew by a stronger-than-expected
3.1% year-on-year in April.Gold is pretty much drawing its strength from inflation fears and some inclination of the yields… the dollar is staying weaker that’s fairly supportive. Gold bulls now have their eyes set on $2,000 and most of the guys are thinking it’s going to go quite higher,
Investors now await key U.S. economic data for May, including the Institute of Supply Management (ISM) manufacturing PMI, to be released on Tuesday. Further data, including non-farm payrolls and the unemployment rate, is due on Friday.