Gold value forecast for February 28, 2018

referring to Gold prices moved reduce in tandem by the height in the dollar. Negative momentum has accelerated as the MACD (moving average convergence divergence) histogram moved reduce by a downward sloping trajectory that points to reduce prices. Eurozone ESI economic confidence fell backEurozone ESI economic confidence fell back to 114.1 in February, When the January number was revised up to 114.9 from 114.7 announced initially. So such as the other confidence reading this month, the ESI fell back, however remembers at extremely high standards consistent by ongoing robust growth. German state inflation numbers weaker than expectedGerman state inflation numbers weaker than expected, by annual averages from Saxony, Brandenburg, Hesse, NRW & Bavaria dropping 0.1-0.2 percentage points.

Gold value Forecast: Limited Retreat Likely, Powell Testimony Crucial

Gold value Forecast: Limited Retreat Likely, Powell Testimony CrucialDollar trends going to likely dominate in the gold markets another time during the coming week, by information releases & federal rhetoric in focus. Gold prices have lost significant ground during the past week, primarily because of a reversal in $ fortunes. Given the focus on inflation trends, value information within the ISM information going to have a significant impact, by the January reading at the top standard ever June 2011. Given the focus on inflation trends, markets going to be very anxious to hear Powell's take on the situation. Powell has just soon taken over as seat from Yellen, & markets going to too be looking closely for his overall stance on likely inflation trends & monetary policy.

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collected by :kiven Dixter