Gold falls below $1500 to two-week low

Technical Analysis

Gold at the lows of the day

Gold fell below Friday’s low and continued through $1500 as the US dollar rises and Treasury yields tick higher.

The mode in markets since late last week has been a reversal in the August trend of USD-strength, bond strength, risk aversion and gold gains. Gold was higher earlier in the day but has been under growing pressure since New York arrived.

ForexLive

Products You May Like

Articles You May Like

WTI Oil
US Open – Davos, Wuhan Virus pressures stocks and yields, Dax touches record high, Oil’s supply problem, Gold’s range, Bitcoin eases after CBDC think tank formed
Goldman won’t take companies public without ‘at least one diverse board candidate,’ CEO says
Market Struggle Continues as Coronavirus Death Toll Rises – 23 January 2020
LIVE Forex Trading GBP/USD: Watch the Trade Start to Finish! 💰📉

Leave a Reply

Your email address will not be published. Required fields are marked *