Gold Daily Review for December 25, 2018
|Gold prices failed to capitalize on a market meltdown that brought US shares to a 17-month low but the US Dollar reveled in support from|
|Disregarding strong opposition from the likes of DoubleLine Capital founder Jeffrey Gundlach, legendary hedge fund manager Stanley Druckenmiller, President Donald Trump and others, Federal Reserve Chairman Jerome Powell hiked rates on last Wednesday for the fourth time in 2018.|
|Gold trades to a fresh monthly-high ($1267), with the bullish momentum gathering pace amid the partial U.S. government shutdown.|
|The troy ounce of the precious metal added more than $20 last week and brought the total monthly gains of December over $40. With markets already goin|
|Gold futures settled sharply higher Monday, extending a climb toward a six-month peak, underpinned by a weaker dollar and a rout in the stock market.|
Have a nice trading!