Gold surged yesterday and traced out an outside bullish reversal. That pattern extended today in a powerful signal for gold buyers. If we close here it will be the second-best closing level ever and just $10 from the closing record on April 21.
Lately though, progress appears to have stalled. Treasury Secretary Scott Bessent today confirmed that the US and China aren't talking. He continued to tease other trade deals but the market is at the point where it wants to see less talk and more signed papers.
"We're going to put very fair numbers down, and we're going to say, here's – what this country, what we want. And congratulations, we have a deal. And they'll either say 'great,' and they'll start shopping, or they'll say, not good,'" Trump said alongside Canadian Prime Minister Mark Carney.
This all sounds like improvisation and Trump has likely been emboldened by the bounce back in stock markets.
This article was written by Adam Button at www.forexlive.com. Read More Details
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