Bad News Is Good For Gold

Bad News Is Good For GoldGold silver Reports — Bad News Is Good For Gold — Signs of cracks in the U.S. economy are breathing new life into gold bulls after the metal posted a rare August drop. The Institute for Supply Management’s economy-weighted manufacturing and non-manufacturing composite index plunged the most since 2008, prompting a retreat among traders betting the Federal Reserve may raise borrowing costs this month. That sent non-interest-bearing gold to its steepest climb in more than two months. — Neal Bhai Reports

Bad News Is Good For Gold

Signs of cracks in the U.S. economy are breathing new life into gold bulls after the metal posted a rare August drop. The Institute for Supply Management’s economy-weighted manufacturing and non-manufacturing composite index plunged the most since 2008, prompting a retreat among traders betting the Federal Reserve may raise borrowing costs this month. That sent non-interest-bearing gold to its steepest climb in more than two months. — Neal Bhai Reports

READER DISCLAIMER

Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team GoldSilverReports.com, New Delhi, INDIA