Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Finds A Footing
August 30, 2023 - (Gold Market Wire) - Gold is making a slight comeback, and we have now landed on an important technical point. The chart is clear:
and adding in a zoom and the horizontal:
We still face the silly season of September and October. So we remain, inclined to caution. Equities are pushing again, so we will be watching that with interest. The stock market will likely act as a bell-weather for a while, for the general inflationary dynamic.