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Back Fundamental analysis
Almost $4,700 per Ounce: The 200-Day Average Has Been Surpassed
Today, gold has entered consolidation after
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Today, gold has entered consolidation after a four-day rally triggered by the unexpected intervention by the U.S. Treasury in the bond market. The metal fell 0.4 percent to $4,632.75 per ounce, although it had traded around $4,700 earlier amid volatile trading. Silver fell by 1.5 percent to $67.93, while platinum and palladium also decreased in price.The reason for the rally lies not in the classic logic of yields but in the undermining of confidence in American finances. Recent attempts to
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Maxim Magdalinin
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