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Trump's election victory caused a sharp drop in gold prices last week! How to trade gold this week with the upcoming USA CPI and Powell's speech?
In the early Asian market on Monday, spot gold remained basically flat, with the current price of gold near $2684 per ounce. Analyst Eren Sengezer from FXStreet pointed out that the short-term technical outlook shows the bullish momentum of gold is diminishing. Inflation data for October in the USA and comments from Federal Reserve policymakers will be closely watched this week.
The reason for the gold sell-off is here! This important usa data "exploded" with gold prices plummeting by $22. How to trade next?
#Gold Technical Analysis# 24K99 News On Friday (November 8), due to strong economic data from the usa stimulating a sharp rise in the US dollar, the gold price experienced a major drop.
Shares of Metals and Materials Companies Are Trading Lower. The Sector May Be Reacting to China's Recent Stimulus Efforts Which Have Struggled to Buoy the Economy and Business Conditions.
With the arrival of the Trump era, can gold soar wildly?
Economists say that if Trump's promises are slowly implemented or not fulfilled at all, gold will not skyrocket.
Metal Prices Fall as U.S. Dollar Gains Strength -- Market Talk
Big market surprise! Gold faces fierce selling pressure, with the price dropping nearly $20 within the day. Renowned institutions analyze gold trading.
#Gold Technical Analysis# 24K99 News At the end of the Asian session on Friday (November 8), spot gold suddenly plunged in the short term, with the gold price currently near $2686 per ounce, plummeting nearly $20 within the day.
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