Gold is in a strong support level
Currently Gold is in a strong support level but fundamental analysis is stating Gold will still be selling off. I'm still holding my sell from 1974.32.
The price of Gold found some support near the US$1,700 mark. Still, Gold has not lived up to its reputation as a store of value amid rising inflation and investors have turned to bonds and the dollar for protection from risk.
The dollar rose, making Gold more expensive for international buyers. The ICE dollar index was last seen up 0.52 points to 107.2.
Bond yields edged higher, bearish for gold since it offers no interest. The US 10-year note was last seen paying 3.032%, up 0.8 basis points.
The price of Gold found some support near the US$1,700 mark. Still, Gold has not lived up to its reputation as a store of value amid rising inflation and investors have turned to bonds and the dollar for protection from risk.
The dollar rose, making Gold more expensive for international buyers. The ICE dollar index was last seen up 0.52 points to 107.2.
Bond yields edged higher, bearish for gold since it offers no interest. The US 10-year note was last seen paying 3.032%, up 0.8 basis points.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。