Gold pushes back above $3,300 on the day ...Middle East

News by : (forex live) -

The jump takes out both the 100 and 200-hour moving averages at $3,270 and $3,294 respectively as well. That shifts the near-term bias to being more bullish again currently.

On the latter, there is hopeful optimism that tariff levels will be reduced to around 50% to 60%. Sure, that's an improvement to the current situation. But it begs the question, doesn't this all just mean that tariffs are here to stay? And if so, the long-term negative impact is something that broader markets will have to consider - which I believe we are nowhere near considering as of now.

This article was written by Justin Low at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( Gold pushes back above $3,300 on the day )

Also on site :

Most Viewed News
جديد الاخبار