Categories: Business & Economy

Gold cools for the moment but continues to hang itself at the heights

The gold is just slightly 0.1% lower than $ 3,956 during the session, buyers take a slight breath of the push higher to start the new week yesterday. The last race since 2023 has seen prices go from $ 2,000 to $ 3,000 in about 16 months. However, the period he has from $ 3,000 to almost $ 4,000 is now less than half, in about 7 months.

And it continues to talk about the relentless push higher in gold because everything continues to set up.

It seems that it is a question of whether and not if gold will violate $ 4,000 at a given time before the end of the year. That being said, I would not be the least a little surprised if we are greeted by a strong episode of profit when we get there. Gold has now grown around 117% of earnings since the beginning of 2023. At one point, a significant correction surely makes signs – even if the fundamentals may not dictate as such.

Could the $ 4,000 mark be this trigger? This, especially since we are starting to get closer to December and January, two months which was historically the best golden period on a seasonal basis. Could there be a cooling period before that? We will have to see.

But so far this week, the bulls’ big titles continue with the Bulls still in view of the Big 4K: another month, another series of gold buying in China in China

Source link

Michael Johnson

Recent Posts

Republicans put pressure on demands for the health care of democrats

The American senator Susan Collins (R-ME) speaks with senator Lisa Murkowski (R-AK), as Lori Chavez-Deremer, the candidate of the American…

10 seconds ago

Indianapolis authorities await the results of the Mark Sanchez’s drug testing after the bizarre of ex-jets star

The authorities are waiting for the results of drug testing tests on Mark Sanchez, the Indianapolis prosecutor said at the…

1 minute ago

CCI erases Lloyds Metals’ proposal to acquire a participation of 49.9% in Thriveni Pellets

The CCI fair trade regulator has erased Lloyds Metals on Tuesday and the energy proposal to acquire a participation of…

5 minutes ago

Paul Mescal has pushed recognition of “Hamnet” Oscars (exclusive)

For its representation acclaimed by the criticism of the playwright William Shakespeare In Chloe ZhaoFest Film Fest Darling Hamnet,, Paul…

9 minutes ago

Israeli military veterans, a backbone of the protest movement, vow to continue demonstrating

Tel Aviv CNN - In a sea of ​​Israeli flags, Yiftach Golov holds one that looks a little different. Among…

14 minutes ago

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

Ray Dalio of Bridgewater Associates on stage at CNBC's Converge Live in March.Courtesy of CNBCBridgewater Associates founder Ray Dalio said…

15 minutes ago