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What next for gold following two days of extreme volatility?

by Joel Frank
10 August 2021
in Commodities
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Gold has seen heavy selling pressure since last Friday in wake of a strong US jobs report for July and increasingly hawkish rhetoric from FOMC members. Spot prices fell as low as the end of Q1/start of Q2 double bottom around $1680 in thin market conditions during Monday’s Asia session. Here’s what comes next for the precious metal…

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:23 GOLD

Tags: FOMCGOLDUS DollarXAUUSD
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