Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury’s surprise decision to double its long-dated bond buyback programme […]
The post XAU/USD: Gold Tests Its Trendline After a Powerful August Rally appeared first on ActionForex.
This live blog is refreshed throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Friday. Stock futures were mixed as investors looked to the Federal Reserve’s Jackson Hole Symposium, Read more…
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Intraday bias in EUR/USD remains neutral as consolidations continue below 1.1710. While deeper retreat cannot be ruled out, downside should be contained by 1.1565 support to bring another rally. On the upside, above 1.1710 will Read more…