The reason for the gold price drop of over 25 dollars is here! Powell's speech is impactful. How to trade gold?
On Wednesday, due to the expected rise in usa's October CPI, the dollar strengthened and usa's bond yields increased, causing gold prices to be sold off, marking the fourth consecutive day of declines. FXStreet analyst Christian Borjon Valencia indicated that upcoming economic events, including Federal Reserve Chair Powell's speech and usa's retail sales, will further influence the trend of gold.
Express News | The world's largest silver etf -- iShares Silver Trust has reduced its hold positions by 46.79 tons compared to the previous day, with the current hold position amounting to 14,732.26 tons.
Gold Futures Extend Slide as Rally in Dollar, Treasuries Stays Strong
IShares Silver Trust Options Spot-On: On November 13th, 239.74K Contracts Were Traded, With 5.76 Million Open Interest
On November 13th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 239.74K options for the day, of which put options accounted for 22.34% of the total
Institutions: US inflation data in line with expectations, gold maintains a slight rebound.
Gelonghui on November 13th | Spot gold traded slightly above $2,600, after falling to a seven-week low in November, found technical support near the main trendlines.
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday Ahead of Key Inflation Report