Gold Closes Tweezers Top Pattern – Ready to Sell Below 1,780? – FX Leaders

0 1
The US stock market fell immediately, while gold prices rose throughout the market, as both US Treasury yields and the US dollar fell. The WHO forecasts raised concerns about the economic recovery, driving gold prices up, due to its safe-haven status.Gold is trading with a bullish bias at the $1,772 level, facing immediate resistance at the 1,782 level.Gold prices ended the day at $1,778.20, having reached a high of $1,781.90, and a low of $1,753.00. Gold resumed its bullish trend on Friday, turning green for the day, after rising more than 1% in a single day.The recently released US consumer sentiment, which fell sharply in August to its lowest level in a decade, could be attributed to rising gold prices. The lower-than-expected consumer sentiment eased investor concerns about early tapering of asset purchases by the Federal Reserve.University of Michigan on the Consumer Sentiment IndexThe unexpected reading on the consumer sentiment index by the University of Michigan, may
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.