If you were a trader confident enough to participate in the commodities market this week, you would have had a week full of experiences. Read more.
It has been a slightly more eventful week this week with the precious metal. There were a couple of fundamental/economic releases that influenced Gold’s movements this week - which has provided some enticing opportunities for investors. Read more.
With all the above fundamental information being in Gold's favour, it compliments the technical structure of this pair extensively. Read more.
Economic releases have been on the quiet side this week, subduing most volatility and market movements - especially towards Gold. Read more.
At the beginning of the week, we saw the Yen strengthen against the dollar as the market was digesting fears of the new Omicron Covid variant - which sent shockwaves through the markets on Friday of last week (26/11). Read more.
Mid-week was eventful for Gold as displayed in the blue shaded box on the chart below. On Wednesday, Fed Chair Powell was re-elected by President Biden to serve another term. Read more.