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Gold stays in retreat, set for sixth straight day of losses

There's no relief for gold as the technical breakdown continues after the drop below $1,900 last week. The fall also took out support from the August lows and leaves a big air pocket between that and the February to March lows near the $1,800 mark.Even as major central banks have moved to pause mode, the selling in bonds has been unrelenting and that has been a major bane for gold. And so, until bond yields turn the corner and head lower, only then will gold find any real relief.And from a techn...
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Posted: Oct 2 2023, 05:14
Author Name: forexlive
Views: 082962