Morning Snapshot: Gold moves back above 200-day moving average

IMG Auteur
 
Published : July 17th, 2017
108 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

USAGOLD/Peter Grant/07-17-17

Gold extended to the upside in overseas trading after posting solid gains on Friday. That puts the yellow metal convincingly back above its 200-day moving average.

Gold is being supported by diminished September rate hike expectations in the wake of recent weak data, which is pressuring both yields and the dollar. This morning’s plunge in the Empire State Index adds to the feeling that the economy may be stalling-out.

Further weakness in prices is expected to be revealed in June import and export prices this morning. On the heels of soft PPI and CPI data last week, hope for targeted 2% inflation seems to be evaporating.

Read the rest of the article at USA Gold
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.