Gold falls back through $1900 in daily reversal

Author: Adam Button | Category: News

Gold down $7

Gold down $7
Gold is down $7 to $1892 in a reversal from a five month high of $1912.

The turmaround comes on a persistent, broad bid in the US dollar.

If gold finishes lower today, it would end a nine-day winning streak and be the first decline since May 12.

Gold has had an outstanding run since the start of April, gaining 14% with the last leg aided by the stumble in crypto.

The Fed has been the main driver with a consistently dovish message. A further leg of strength will need more of the same along with more US government spending.

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose