Gold Daily Review for August 1, 2018
|The spot gold and Chinese Yuan correlation continues with a weakening CNH dragging gold ever lower and towards important support.|
|In today’s session we looked at whether or not oil can maintain its footing, if gold price woes will continue, and how global equity indices may fare as a ne…|
|Gold typically does well in times of market turmoil. But that’s not the case lately. Gold prices and several gold ETFs are down this year. Why? Rising rates and a stronger dollar make gold less attractive. That may not change anytime soon.|
|The XAU/USD pair gained traction in the last hour and turned positive on the day above the $1220 handle as the greenback struggled to preserve its bul|
|Gold prices finished with a gain on Tuesday, but posted a decline for the month, as investors await the Federal Reserve’s decision on monetary policy|
|Crude oil and gold prices may break through long-standing chart support barriers as a hawkish tone from the Federal Reserve boosts the US Dollar.|
Have a nice trading!