Gold bulls support the price on the short-term pivot, but the longer-term trend may dominate.
Past Performance: Past Performance is not an indicator of future results.
The price of silver is driven by speculation and supply and demand; mainly by large traders or investors, short selling, industrial, consumer and commercial demand, and to hedge against financial stress. Compared to gold, the price of silver is notoriously volatile. This is because of lower market liquidity, and demand fluctuations between industrial and store of value uses. At times this can cause wide ranging valuations in the market creating volatility.
Gold bulls support the price on the short-term pivot, but the longer-term trend may dominate.
XAU/USD rebounds after its poor weekly start, as the greenback faces headwinds and markets prepare for today’s US Consumer Price Index
The G7 countries pledged over the weekend to phase out Russian oil, while in speech earlier today, Mr Putin did not announce any major policy changes
Although gold rallied yesterday, following the Fed-perceived dovishness, it remains weak on the daily time frame.
Oil is climbing following a proposal made by European Commission President Ursula von der Leyen to embargo Russian crude oil imports within the next six months. This ban will include…
Gold charts a lower peak followed by a lower trough on its weekly chart.
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