Stock Market strength drag Gold

/ 6 February 2019 / Comments Off on Stock Market strength drag Gold
Gold US stock market gaining momentum since it opened this Monday. Last night it tested above 25400 and this resulted in dollar strength. Strong dollar index drag gold prices and it tested 1309$ range yesterday. Currently gold price trading at 1313.50$. Good support in this precious metal stands at 1308$. Once market break... more →
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Dow Jones weakness supporting Gold

/ 4 January 2019 / Comments Off on Dow Jones weakness supporting Gold
Gold Spot gold price tested above 1292$ which was a major level for bulls and currently sustaining above 1292$. Dow Jones weakness supporting higher gold prices. Dow Jones Index crashed 600 points once again last night and sustaining below 23000. Weak manufacturing numbers and higher Unemployment claims built pressure in Dow... more →
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