Gold and silver long bias at the extremes, oil sentiment shifts

Gold and silver long bias at the extremes, oil sentiment shifts

Gold’s price was in for a rude awakening last Thursday breaking through last week’s 1st and 2nd support levels as risk appetite improved on an expected end to the US-China trade war. Yet, its price failed to recover on Friday following news to the contrary even as US equities retraced off fresh record highs. As it stands, US yields are continuing to rise, and that tends to hurt safe haven non-yielding assets like gold, with any further plummet in the bond market likely to hurt this pair’s price which stands at a short-term resistance level but where breakout strategies may be more ideal than conformist reversals and…

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Goud
Troy ounce Gram
€2216.36 €71.26
+0.036%+€0.0254
Zilver
Troy ounce Gram
€26.81 €0.86
+0.156%+€0.0013
Platina
Troy ounce Gram
€875.55 €28.15
+0.507%+€0.1428
Palladium
Troy ounce Gram
€853.34 €27.44
+0.598%+€0.1641
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