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Gold Daily Review November 7, 2017

Gold Daily Review for November 7, 2017

China, Goldman Sachs to invest $5 billion in U.S. manufacturing

China’s richest sovereign wealth fund is teaming up with Goldman Sachs to invest at least $5 billion in mostly U.S. manufacturing, a person familiar with the matter told CNNMoney.

 

Goldman’s Strong Performance Boosts Q3 Advisory Fees For U.S. Banks

The five largest U.S investment banks reported almost $2.7 billion in M&A advisory fees in Q3 2017, with Goldman contributing more than one-third of that figure. Notably, Q3 2017 was one of the best quarters in terms of advisory fees for these banks

 

Gold Set to Rise Despite Bullish Sentiment

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

 

GOLDMAN SACHS: Bitcoin could get close to $8,000

Goldman Sachs thinks bitcoin still has more room to run. The red-hot cryptocurrency, which has gained more than 600% this year and is currently tradi

 

Gold ends up 1% to book best gain in 6 weeks as dollar slumps

Gold futures settled sharply higher Monday, along with broader gains in the commodity complex, as a surge in prices of crude oil offered some signs of

 

Gold Price Forecast Points Towards Lower Levels

The gold price forecast is bearish so long as trade is below $1357 for a target near $1200 in the coming weeks.

 

Have a nice trading!




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