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Gold’s attempt to break back above the $2000 mark was met with selling pressure today as US CPI data provided a somewhat mixed bag. Will the FOMC assist Gold bulls or are we in for further downside?
Gold’s failure to close below the $2020/oz support area yesterday prompting a retest of key resistance hovering at $2032/oz. Will the NFP print facilitate a new leg to the upside?
(Bloomberg) -- A rally across all asset classes powering the S&P 500 to its best month in over a year has finally caught the attention of retail investors.Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Israel Risks ‘Strategic Defeat’ If It Doesn’t Protect Civilians, Austin SaysSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIndia Election Latest: BJP Leads in States Held by OppositionIsrael Focuses on Gaza’s South as Cease-Fire Talks Rej
The Japanese Yen has made significant gains against the Euro and Greenback this week. The move was driven largely by Euro and USD fundamentals and i expect that to continue.
Amidst a robust stock market rally in 2023, retail traders are growing wary of its sustainability.