Gold’s price remained relatively stable since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. Also please note that…
The U.S. labor market report published today has completely altered the market outlook. This week's data has been quite favorable for the Federal Reserve, which has maintained its stance and continued to indicate a desire for interest rate cuts this year. Today's data likely delays the timeline for these cuts, though upon deeper analysis, some…