UBS on gold … prices managing to hold above the $1280 support area is encouraging

UBS on gold … costs managing to carry above the $1280 assist space is encouraging

Coming Up!

Title textual content for subsequent article

This snippet from UBS on gold appears notably pertinent given the place the gold value is as I submit.

we predict near-term stress on gold is understandableprices managing to carry above the $1280 assist space is encouragingthis consolidation as a chance to regularly construct a strategic place in goldBut for now, the extent of the dovish shift in Fed expectations has made gold susceptible to enchancment within the information throughout a time when bodily markets are typically quieter. 

Extra: 

bodily demand out of China has been weak this yearinterest out of India has been resilientCentral financial institution exercise has been one other supply of assist for gold – robust web shopping for from 2018 has prolonged into this yr

Day by day chart :

Viewing
Contact / Click on anyplace to shut

Product categories

X