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Gold falls $23 to the lowest since March

Yesterday I wrote: A fall below $1900 would be a one-month low but the real level to watch is $1884. If that gives way, there isn't much support until the low $1800s.It's given way now with gold down $23 to $1876. That paints a bleak technical picture as Treasury yields continue to rise.The drop today extends a series of lower highs and lower lows since May. I don't see much for the gold bulls to cling to on the chart and 10s at 4.58% offer a compelling alternative to gold (or 3-month bills at... Read More

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Content Topics

Gold

Falls

Lowest

Since

March

Forex

Posted: Sep 27 2023, 16:35

Author Name: forexlive

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