Trade War

Technically, the gold bulls and bears are on a level overall near-term technical playing field amidst choppy and sideways trading just recently. Bears next near-term drawback cost goal is pushing futures prices listed below solid technical support at the November low of $1,453.10. Silver bulls next advantage price breakout objective is closing costs above strong technical resistance at last weeks high of $17.415 an ounce. The next drawback price breakout objective for the bears is closing rates below solid support at $16.00. Resistance is seen at last weeks high of $17.185 and then at the December high of $17.415. The key “outdoors markets” today see the U.S. dollar lower. The USDX hit a 4.5-month low last Friday. Meantime, Nymex petroleum […]

Gold prices near steady amid better global risk appetite

Gold rates were edged down in Asian trading on Tuesday after surging near to $1,345 an ounce from just below $1,330 an ounce during the previous North American session. Regardless of the rush into the gold market, this might not be the best time to purchase the yellow metal, according to the mining analyst. The business that Fulp is thoroughly watching are largely American innovative gold explorers: “Allegiant Gold, Integra Resources and Ely Gold Royalties, and I cover one Canadian gold explorer, Eagle Plains Resources.” ” Certainly trade tariffs, a trade war particularly … would be excellent for gold, because it will present a wild card into the economic formula, and individuals will go to gold as a safe sanctuary […]

Trade War Is A ‘Wild Card’ That’s Good For Gold, ...