Gold took us on a bit of a rollercoaster recently!
After climbing late last week and touching fresh highs on Monday, prices reversed and settled back near previous levels, leaving the overall outlook pretty neutral.
What drove the move?
• Tailwinds: Lower oil prices and a weaker #US$ provided an early boost.
• Headwinds: Ongoing expectations of high US interest rates and trader caution ahead of Wednesday's inflation report pulled prices back down.
#GOLD_UPDATE #BTC🔥🔥🔥🔥🔥
After climbing late last week and touching fresh highs on Monday, prices reversed and settled back near previous levels, leaving the overall outlook pretty neutral.
What drove the move?
• Tailwinds: Lower oil prices and a weaker #US$ provided an early boost.
• Headwinds: Ongoing expectations of high US interest rates and trader caution ahead of Wednesday's inflation report pulled prices back down.
#GOLD_UPDATE #BTC🔥🔥🔥🔥🔥