Subscribe To
Gold erases Friday bounce amid higher dollar, yields
The dollar is gaining further ground now in European morning trade and among the bigger losers today is gold. The yellow metal is down 0.7% to just under $1,956 currently as it erases the advance from Friday. Gold is now threatening a steeper fall towards its 100-day moving average (red line) once again:That level comes in at around $1,931 and will be a key technical support to watch alongside the 50.0 Fib retracement level at around $1,935.With 10-year Treasury yields breaking higher, there mig...
Read More
Posted: May 23 2023, 10:10
Author Name: forexlive
Views: 111740