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Gold bugs hope to turn latest bounce into something more
There's one thing that dollar bears and gold bugs have in common at the moment, and that is the call for lower bond yields - which in a sense is this scenario here. But where gold truly shines is when we start to get to the point of rate cuts and the narrative of higher rates for longer being dead.That is the big picture view for gold but that is not the point today. The US jobs report is the main thing to watch and price action in gold is certainly getting interesting with key technical levels...
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Posted: Sep 1 2023, 10:07
Author Name: forexlive
Views: 111693