Since my last update gold has rebounded well. The recovery started ahead of the US stock market opening when it reclaims the $1,950 handle and then it went onto rise above $1,960 after stocks resumed live trading. The high set a short while ago was at $1,964.95. That is right on the current 21 day moving average, now at $1,964.98. That price point seems to have capped the topside move for the time being and of course the metal has already bounced off the lows today by $20. The question now is whether or not that 21 day moving average will remain intact ahead of the close tonight. Gold is just now trading at $1,961.80
US stocks open lower- Dow Jones drops back closer 36k
The US stock markets have just reopened and it has been a negative start to the session. That might change as the afternoon unfolds and as already...
Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...
Brent reverses direction again as it now slides to fresh interim lows
Since rebounding back above $79 per barrel, the price of Brent crude has been falling back steadily over the past hour. That fall has now taken out...