Markets are resuming their thaw after the ceasefire between Israel and Iran, pushing GOLD prices down more than 2% intraday. The geopolitical squeeze is at least temporarily erasing the pro-growth factor that recently propelled the precious metal higher. From a technical perspective, today’s correction reaches the key level of the 50-day exponential moving average (blue line on the chart below), which has been an important zone supporting GOLD’s overall uptrend over the past few months.
Source: xStation
Daily Summary: Trump, Inflation, Threats, and Persian Gulf Tensions Cast a Shadow Over Wall Street
Powell Signals Fed Patience, but Inflation Risks Are Rising!
Powell Speaking: Markets Watch Fed Policy
US Open: A Tentative Start to the New Week on Wall Street!