Gold makes new all time highs in sixth straight day of gains ...Middle East

forex live - News
Gold makes new all time highs in sixth straight day of gains
There is something of a 'buy everything' mood in the market today with stocks, bonds and commodities all strong today. The was some worry that Powell would spoil the party but he stuck to the recent script and slightly soft readings on ADP and JOLTS highlighted a slowing economy.Gold is a big winner in the past week as it breaks to the highest levels ever. It's up six days straight and is up 0.9% today on a softening US dollar.Given the all time highs, there isn't much in the way of technical resistance. Here is a compelling argument for more gold buying: Retail isn't involved yet. If you look at ETF assets or gold miners, it's clearly a hated sector.Moreover, a larger crack in the US dollar

Hence then, the article about gold makes new all time highs in sixth straight day of gains was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Gold makes new all time highs in sixth straight day of gains )

Apple Storegoogle play

Last updated :

Also on site :