Silver prices, surprisingly, did not follow the gold prices and in fact had a period of consolidation and ranging yesterday. Gold prices skyrocketed yesterday as the political turmoil in the US continued to take its toll on the dollar. While the gold prices rocketed higher, the silver prices made a feeble attempt to break through the $17 region which was promptly sold into and now the prices sit below the $17, looking pretty weak. Gold Bulls May Seek Some RestThis was proved yet again yesterday as the gold prices breezed through our target at 1248 and now they sit at the next strong resistance region of 1260. Here, a big challenge awaits for the gold bulls and we believe that we might see a bit of correction here as the gold bulls take some rest and investors take off some profits in this price region.
according to GOLD TECHNICAL ANALYSIS – Gold prices scored their largest gain in almost 11 months after the formation of a bullish Morning Star candlestick pattern signaled recovery, as expected. Meanwhile, crude oil prices rose as EIA inventory data showed stockpiles shed 1.75 million barrels last week. Talking Points:Gold prices rise most in 11 months on US political uncertaintyCrude oil prices succumb to risk aversion after EIA-driven gainHawkish comments from Fed's Mester may temper gold rallyGold prices raced higher as worries about political instability in the US swept financial markets. Have a question about where gold and crude oil prices are heading? Gold prices may continue to thrive as yields wither but hawkish-leaning comments from Cleveland Fed President Loretta Mester may temper gains somewhat.
![Gold Prices Rise Most in 11 Months as US Politics Poison Markets]()
according to
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collected by :Jack Luxor
according to GOLD TECHNICAL ANALYSIS – Gold prices scored their largest gain in almost 11 months after the formation of a bullish Morning Star candlestick pattern signaled recovery, as expected. Meanwhile, crude oil prices rose as EIA inventory data showed stockpiles shed 1.75 million barrels last week. Talking Points:Gold prices rise most in 11 months on US political uncertaintyCrude oil prices succumb to risk aversion after EIA-driven gainHawkish comments from Fed's Mester may temper gold rallyGold prices raced higher as worries about political instability in the US swept financial markets. Have a question about where gold and crude oil prices are heading? Gold prices may continue to thrive as yields wither but hawkish-leaning comments from Cleveland Fed President Loretta Mester may temper gains somewhat.
according to
Gold Prices Jump Over 200-DMA as Trump-Comey 'Nears Impeachment', T-Bond Yields Fall with Dollar
read more visit us gold
collected by :Jack Luxor
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