Gold futures rose during the Asian session, to witness the resumption of their rebound from the lowest since July 23 for the fifth session in seven sessions, with the US dollar index resuming its rebound from the top since the third of August for the sixth session in seven sessions …
The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness the resumption of its rebound from its high since July 23 for the fourth session in six sessions against the Japanese yen amid scarcity of economic data by the Japanese economy before …
The price of gold is correcting down for two reasons. Firstly, the asset is technically overbought, secondly, there’s an increase in demand for stocks with potentially bigger profits in the future. Expect that the gold to remain under $2,000 per ounce.
Technical side:
The price is below the …
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