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Gold hits an air-pocket in $20 drop

Gold took a tumble in the past 15 minutes as it extends its post-payrolls slump. It's not entirely clear what's behind the selling with Fed funds futures pricing for the June meeting stuck at 29% pre-and-post NFP. The dollar is also broadly flat and commodities are generally higher.This one might be technically-related as offers at $1983 and nearby stopped gold in its tracks three times in the past 24 hours, even as the rest of the market priced in a Fed pause (or skip).On the daily chart, this... Read More

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Gold

Hits

Air

Pocket

Drop

Air pocket

Forex

Posted: Jun 2 2023, 14:12

Author Name: forexlive

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