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Impressive reboung for gold as it braces for an uncertain weekend

There are three elements to this week's gold rally:1) A bounce from technical support in the low $1800s. In March, gold also bounced here, as the chart illustrates.2) US dollar weakness and worries about US debtThis week's terrible slate of Treasury auctions were a small slice of evidence that deficits are a driver behind the recent rise in long-term Treasury yields. If that case continues to unfold, then the sky is the limit for gold.3) WarThe atrocities committed by Hamas have led to a brutal... Read More

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Impressive

Reboung

Gold

Braces

Uncertain

Weekend

Forex

Posted: Oct 13 2023, 12:50

Author Name: forexlive

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