UPDATE-At the moment only two positions are active for gold.
Gold prices have broken below the levels on which it was hanging around from days. we have seen prices to plunge below $1284 per ounce however prices have moved up from daily lows in late action. At the time of publishing, this report gold is trading at $1287 per ounce while the white metal has already broken it's key physiological resistance and trading at $14.97.A sell-off which we have witnessed in the U.S. bond market has also proved to bearish for the precious metal sector and it's obvious because investors tend to move towards U.S Bond securities especially if the yields are on the rise.we are informing you from months about U.S-China trade talks and how it can impact the Gold and silver market but no agreements have been done yet, however, most analysts believe that both sides are very close to a final agreement.overall we believe the boring price movement which we are witnessing from weeks in the precious metal sector is likely to end very soon and the next breakdown could be severe enough which will inflict serious technical damage in P.Ms charts.
Gold prices have broken below the levels on which it was hanging around from days. we have seen prices to plunge below $1284 per ounce however prices have moved up from daily lows in late action. At the time of publishing, this report gold is trading at $1287 per ounce while the white metal has already broken it's key physiological resistance and trading at $14.97.A sell-off which we have witnessed in the U.S. bond market has also proved to bearish for the precious metal sector and it's obvious because investors tend to move towards U.S Bond securities especially if the yields are on the rise.we are informing you from months about U.S-China trade talks and how it can impact the Gold and silver market but no agreements have been done yet, however, most analysts believe that both sides are very close to a final agreement.overall we believe the boring price movement which we are witnessing from weeks in the precious metal sector is likely to end very soon and the next breakdown could be severe enough which will inflict serious technical damage in P.Ms charts.
