Gold extends Friday’s strong rebound above the 20-day SMA. Supported by a slightly weaker dollar and rising geopolitical risks. Rebound still lacks strong technical momentum. Gold is rising over 1% today, building on Friday’s 4% gain, to trade back above the key 5,000 key threshold for the first time in almost a week, helped by […]
The post Gold Climbs Back Over 5,000, Can It Hold Above? appeared first on ActionForex.
Recession is not our base case, but we believe the risk distribution has shifted decisively to the downside, as oil briefly broke above $110/barrel and remains volatile. The U.S. economy does not enter the current Read more…
RBA Deputy Governor Andrew Hauser signaled that policymakers face a difficult decision at next week’s board meeting, warning that the recent surge in oil prices is adding new uncertainty to the inflation outlook. Speaking in Read more…
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