Even though the bigger picture is not quite perfect, those who are hopeful for a rise in gold prices are still trying to hold on.
The market's perception of the Fed potentially increasing wages twice could impact gold. However, if risk aversion grows, gold can be a safe investment. Key support for gold is at 1,900 and resistance is around 1,940.
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The head of the "Wagner" private military group, Yevgeny Prigozhin, announced that his forces had stopped moving towards Moscow, stressing that they had turned around and were now leaving in the opposite direction, and that was "our right to bloodshed," as he described it....
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CME Group’s flash data for gold futures markets noted traders scaled back their open interest positions by around 1.3K contracts on Friday. Volume, instead, went up by around 19.3K contracts after two consecutive daily pullbacks