Page 14 - Weekly Chart News Today

Gold prices are overcoming technical resistance after barrage of central bank headlines over the past 24-hours.

Gold prices are losing ground ahead of what should be the highest US inflation reading in decades.

The Fed’s renewed focus on combating inflation may duly prevent a significant rally by gold prices henceforth.

Gold prices have been obliterated this week as Fed rate hikes have surged around commentary from Fed Chair Powell and incoming Fed Vice Chair Brainard.

A stronger US Dollar and negative monthly seasonal tendencies leaves gold prices on unstable footing.

Gold prices are edging higher towards the end of the month, bolstered by a wave of US Dollar weakness.

Gold prices haven’t made significant progress in recent weeks, with rising US Treasury yields and stronger US equity markets offsetting a weaker US Dollar.

Gold prices have traded around 1760 all of October, with any upside moves quickly reversed.

Energy markets have been on fire in September, and a push to fresh yearly highs may not be far away for crude oil prices.

Skepticism remains around the rebound in gold prices at the start of October.