Skip to main content

Guess what? Gold does it again as ISM looms

Not long after an update went out here, noting how Gold was lifting to session highs above $2,333, the price extended further. Gold rose to $2,338.55. However, it has backed away again. Perhaps that is because it stalled short of the high seen on Friday, at $2,339.75, or perhaps because sellers emerged around the same levels once some stops were taken out above $2,336.66. The answer is not clear, but whatever the reason, Gold has backed off right now and trading underneath $2,330 once more. Maybe it will be third time lucky, if another upside push plays out again, or it might not make it up there again. As with the Dollar and the stock markets, it could be the ISM that decides that outcome a little later this afternoon. Gold is currently trading at $2,328.35
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!