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Gold price is treading water above $1,980 early Friday, taking a breather after Thursday’s volatile trading. Markets weigh a likely Japanese FX intervention, strong United States (US) Gross Domestic Product (GDP) data, lingering Middle East concerns and upbeat Amazon.com Inc earnings, as the focus shifts to the US inflation data.
Gold Buy : 1986
Tp. :...
Gold price drops below $1,980 on strong US GDP data
Gold price is off the weekly highs, extending the correction below $1,980 on stronger-than-expected US Q3 GDP report. The US economy grew at an annualized pace of 4.9% in Q3, beating forecasts of 4.2%. The US Dollar holds higher ground on upbeat US data.
Gold now 1980
Target 1984
Target 1988
Target 1995
Sl 1960