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Gold cheers softening US consumer confidence

Gold followed the seasonal playbook with great success this year as that trend continues to creep earlier in December and fading early in February. Of course, fundamentals were a huge part as well with gold stumbling on a more-hawkish path for the Fed and higher bond yields.

What's notable about gold lately though is that it's holding in on bad days and showing some strength on good ones. Today, it's trying to carve out an outside bullish day, which is something to watch. It would need... Read More

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Content Topics

Gold

Cheers

Softening

Consumer

Confidence

Forex

Posted: Feb 28 2023, 15:25

Author Name: forexlive

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