Gold’s Roller Coast ends

Happy Friday, merchants. Welcome to Weekly Market Wrap, where we look at these past five days to trade with a focus on market news, economic data and the headlines that have had a greater impact on gold prices and other major associated assets – and may continue in the future.

This is what you need to know:

1. Gold rose briefly over $ 3400/ounces on Tuesday before declining, highlighting market fluctuations in the absence of difficult economic data.

2. The markets initially responded to the rumors of the definition decline in optimism, which prompted the gold up, but the feelings facing the risks in the middle of the week.

3. Despite the speculation of reducing the prices of the Federal Reserve, gold closed by 0.3 % of Wow, indicating the preference for trading in stock risks amid a newly trading.

4. The gross domestic product can be restored next week, job data and FOMC fluctuating decision, which puts the next direction of gold.

This was not only a week with a very little of the total economy data, it was very important to pricing the gold or classrooms associated with the American dollar (even the “most important” data set for this week – the unemployed claims – it was placed in the summer, where there was anything tangible, where there was anything tangible. I am able to track how gold trading in a vacuum, except for the continuous accounts of a Trump’s definition strategy Trading and continuous effort to predict the date of reducing interest rates this week.

With the lack of concrete events or data reports to plan the movement of yellow metal, a week of waves that include a high top have been amazing, and a few ponds that threatened the last gold support lines for a short period. When gold rose to its peak from the week (approximately 24 hours, including all the New York trading session on Tuesday, is much higher than $ 3400/ounces), the main headlines and other vectors to list the market and their mood drew a picture of expectations for the Trump administration, they “got what they wanted” or the brakes do not pump on modern threats to the synonyms of important attachments in each of 50 %.

At that time, until the trading on Wednesday morning, which in the end witnessed a quick sale, there was one thing that we concluded from this is that the market witnessed improving economic stability in the United States as a promising sign that the Federal Reserve could start lower interest rates again in a closer time, and investors and managers chose to trade in trading instead of trading based on reducing the opportunity for the economic economy and distribution (which is expected to expect gold prices.