Saudi Throws in the Towel

Gold reversed from support level 2300.00 Likely to rise to resistance level 2365.00 Gold recently reversed up from the pivotal support level 2300.00, which has been steadily reversing the price from the end of April, as can be seen below. The support level 2300.00 was strengthened by the lower daily Bollinger Band and by the […]

Personal income grew 0.3% month-on-month (m/m) in September, up slightly from July’s 0.2% gain and bang on market expectations. Accounting for inflation and taxes, real personal disposable income grew a modest 0.1% for a fourth consecutive month. Consumer spending was robust in September. Personal consumption expenditures grew by 0.5% m/m, above the market expectations for […]

Gold edges lower from new record high ($2288) in early Wednesday, as bulls show signs of fatigue after advancing over 5% in a steep acceleration in past six days. Although the metal resumed the uptrend in early April, after an impressive 9.3% rally in March, remaining strongly underpinned by growing signals of Fed’s first rate […]