Gold price is stuck in neutral, but that is its strength now gold Comexsilverfutures silver
- Although gold is struggling to attract bullish momentum, analysts note that its strength now relies on how much support is in the marketplace, even as speculative interest starts to drop.
The decline in speculative positioning came after weeks of a relatively stable trading environment. According to some analysts, the shift in the gold market was not surprising as investors and hedge funds squared their positioning ahead of the Federal Reserve's monetary policy decision. Commodity analysts at TD Securities said that gold remains supported as the market is starting to doubt the Federal Reserve's optimistic outlook on rate hikes. The analysts said that it's more likely the central bank's next move will be to cut rates.
"Bears/computers tried to smash gold following Wed. FOMC, & extremely"hawkish" commentary & build-in of 2 more rate hikes, but then gold put in an impressive reversal to upside . Now mid-June - start of seasonally best time to buy gold .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spain wins Nations League final as Unai Simon saves two Croatia penalties in shootoutThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »
Opinion | Atiba Hutchinson retires as the gold standard for Canadian men’s soccer. And this doesn’t have to be the endFor today, it’s enough to tip a cap to the gold standard of a soccer country that’s gone a long way in raising its global profile during his incomparable run.
Read more »
A brief history of Point HopeShipbuilding has been a big part of Victoria’s history, says maritime historian Denton Pendergast, curator of the Victoria Harbour History project. It started with the gold rush, when Gov.
Read more »
U.S. beats Canada 2-0 to win CONCACAF Nations League on goals by Balogun and RichardsBefore a crowd of just 35,000 at Allegiant Stadium, the U.S. extended its home unbeaten streak against Canada to 22 games dating to 1957. Canada remained without a title since the 2000 Gold Cup.
Read more »
BCE cuts raise questions about future CTV news strategy, highlight tech pressures | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »