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Gold eases as safety flows abate for now

The precious metal looks to snap four straight days of gains to start the new week, as it holds slightly lower on the day. That being said, it is off its earlier low of $1,964.45 at least, although there is a broader wave of easing safety flows today. Oil is also down 1% while we are seeing equity futures keeping just a touch higher alongside bond yields ahead of European trading.Going back to gold, the retreat late last week and the drop today coincides with a defense at key resistance from the... Read More

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Gold

Eases

Safety

Flows

Abate

Forex

Posted: Oct 23 2023, 06:52

Author Name: forexlive

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