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: Its fear, but not panic yet. Trump has shaken the markets again.
New front in the trade war: Greenlandโ๏ธWill Gold rise furtherโ
Canada's December CPI surprised to the upside โ๐๏ธ
๐จ US100 drops 1.5%, erasing this yearโs gains amid trade war fears ๐