Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Good morning for Gold.


ixic
 Share

Recommended Posts

Gold Extends Early Gains As U.S. Stock Indexes Sharply Lower
Wednesday February 24, 2016 10:21

(Kitco News) - Gold prices are trading sharply higher in late-morning dealings Wednesday, boosted on more intense safe-haven demand as U.S. equities are selling off sharply. Risk aversion has markedly increased at mid-week.

 

April gold futures are moving in on the February high of $1,263.90, and if that price level is taken out on the upside, buy stop orders would be triggered to send prices still higher. Gold prices have also Wednesday seen a bullish upside technical "breakout" from a symmetrical triangle pattern on the daily bar chart.

 

If world stock markets remain unstable and with a downside price bias in the near term, gold prices would continue to benefit and likely push sideways to higher. April gold was last up $29.80 an ounce at $1,251.90.

  • Upvote 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.