Spot Gold Above 1174.50 This Level Target -$1191-1203
Gold (XAU/USD) extends its gains for the second consecutive trading session on Monday, up over 0.40% as money markets priced in a rate cut by the Federal Reserve (Fed) in the next week. Meanwhile, the US Dollar weakness keeps the yellow metal underpinned at around $4,240 at the time of writing after reaching a five-week high of $4,264.
Gold Spot Fall as U.S. Jobs Data
Gold Silver Reports ~ Gold Spot slipped on Monday from near a 3~month top hit the session before, after a solid U.S. jobs report strengthened the dollar and potentially boosted the chance of rate hikes this year.
Frightful Not to Live
It is nothing to die. It is frightful not to live. – Victor Hugo
Gold Price Zoom After Mixed U.S. Jobs Data
Gold Silver Reports ~ Gold zoom to a 3 month high in volatile trade on Friday, as a mixed U.S. jobs report prompted investors to reassess the report for U.S. interest rates this year, putting bullion on track for its strongest weekly performance in more than a year.
Dow Jones Industrial Average Index Remains One of The Most Popular
Gold Silver Reports ~ Amid heightened market volatility and slumping Treasury yields, many investors have started to believe lower rates will linger for a bit longer, meaning dividend plays could make hay for an extended period while the Fed falters. Such a scenario may look ideal for a strategically timed new smart-beta product from Guggenheim Investments.
A Simple Life Lesson
A simple life lesson to avoid getting hurt: never trust someone who dislikes dessert.