Gold: a new upside trap.. is it time to buy or sell?
Gold has returned to investors’ attention at the start of the week’s trading, after giving up part of its recent gains, as anticipation grows regarding the path of U.S. monetary policy. This comes amid ongoing debate over when the Federal Reserve Board might take any further action on interest rates.
During these moments of trading on Monday, the spot gold price fell by about 0.7% to $4,145.95 per ounce, following a rally that extended across several consecutive sessions. Markets are now asking whether the precious metal is about to resume a new bullish trend, or whether the recent rise is nothing more than a temporary rebound within a larger downward path.$XAU
#SKHynixToIssue177.9MillionADSs #SKHynixToUseADRProceedsForChipCapex #USTechStockFuturesRise #LuxshareToPriceHKListingAtTop #SKHynixSaysFundsEyeUpTo$7BInADRs
Gold has returned to investors’ attention at the start of the week’s trading, after giving up part of its recent gains, as anticipation grows regarding the path of U.S. monetary policy. This comes amid ongoing debate over when the Federal Reserve Board might take any further action on interest rates.
During these moments of trading on Monday, the spot gold price fell by about 0.7% to $4,145.95 per ounce, following a rally that extended across several consecutive sessions. Markets are now asking whether the precious metal is about to resume a new bullish trend, or whether the recent rise is nothing more than a temporary rebound within a larger downward path.$XAU
#SKHynixToIssue177.9MillionADSs #SKHynixToUseADRProceedsForChipCapex #USTechStockFuturesRise #LuxshareToPriceHKListingAtTop #SKHynixSaysFundsEyeUpTo$7BInADRs
