📰 Gold price forecast: Can the rally last as oil slides before US nonfarm payrolls?
Gold price extended its recovery on Thursday as investors digested the outcome of the US midterm elections and what it could mean for inflation. The metal climbed to $4,143, its highest level since October 22 and 7.18% above its lowest point this month. The rally could continue ahead of the US nonfarm payrolls (NFP) data. Gold price jumps as crude oil sinks Gold extended a rally that started on Monday when it dropped to the multi-month low of $3,875. This rally gained steam as crude oil dropped, with Brent moving to $93 and the West Texas Intermediate (WTI) moving to $86.80. The price action is mostly because investors believe that Trump has no easy way out of his disastrous Iran…
Source : Invezz
Time : 2026-11-05 06:20:00
Credit : crispus nyaga
#commodities #trading_ideas #precious_metals
$MTL
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Gold price extended its recovery on Thursday as investors digested the outcome of the US midterm elections and what it could mean for inflation. The metal climbed to $4,143, its highest level since October 22 and 7.18% above its lowest point this month. The rally could continue ahead of the US nonfarm payrolls (NFP) data. Gold price jumps as crude oil sinks Gold extended a rally that started on Monday when it dropped to the multi-month low of $3,875. This rally gained steam as crude oil dropped, with Brent moving to $93 and the West Texas Intermediate (WTI) moving to $86.80. The price action is mostly because investors believe that Trump has no easy way out of his disastrous Iran…
Source : Invezz
Time : 2026-11-05 06:20:00
Credit : crispus nyaga
#commodities #trading_ideas #precious_metals
$MTL
Share your opinion in the comment section below