Yesterday at 11:02 AM
There are no factors yet to push gold out of the 1600-1800 range
Over the past week, gold fell to $1,750 an ounce before recovering back to where it started. Under the current circumstances — high Treasury yields, a strong dollar and aggressive Fed policies — it's hard for gold to achieve a prolonged upward trend.
According to representatives of Gold.ru, at the moment no factor can push gold above $1,600 to $1,800 an ounce.
At the same time, according to Bloomberg, the central banks’ demand for gold this year could grow to 750 tons, exceeding the 50-year high by 100 tons, which is an absolute record.
Recommended
7 May
7 May
Gold poised for parabolic rally as metal continues to climb — Kitco News
7 May
Bloomberg analyst says price gap between oil and gold signals possible recession
7 May
Gold loses ground ahead of US-China trade talks and Fed meeting results
7 May
Top news
7 May
7 May
7 May
7 May