Retail Investors Mostly Missed This Gold Rally - Too Late to Chase?
Europe Natural Resources Fund: Expectations of Fed rate cuts weaken, rate cuts are becoming more cautious.
In September, the USA added more jobs than expected by the market, causing the market to change the rate cut for November from 50 basis points to 25 basis points, reducing the popularity of gold.
Gold suffered a sudden short-term sell-off! The price of gold just fell below $2610. How to trade gold as the Federal Reserve minutes approach?
#Gold Technical Analysis# 24K99 News On Wednesday (October 9th) in the early European session, spot gold suddenly plunged rapidly in the short term, with the gold price just falling below the $2610/ounce mark.
Gold price successfully reached the target price after a major drop! Well-known institutions warn: breaking below the next target could trigger even larger sell-offs.
On Wednesday, in the Asian afternoon session, spot gold continued to be under pressure after a sharp decline yesterday, with the current price near $2619 per ounce. According to Economies.com, the gold price has already reached the target price set earlier at $2635.06 per ounce. If it falls below the next bearish target of $2603.87 per ounce, the gold price may further decline.
Gold suddenly experienced a sharp pullback! Major ceasefire signals from the Middle East, gold prices plummeted by more than $20. How to trade gold
On Tuesday, October 8th, spot gold experienced a sharp pullback, with the price closing down more than $20, briefly dropping towards the $2600 per ounce mark. FXStreet analyst Christian Borjon Valencia wrote an article on Wednesday analyzing the price trend of gold.
Chinese Central Bank Did Not Buy Any Gold in September Either – Commerzbank