News

In a market where profit-taking continues to dominate, keeping gold stuck below $5,000 per ounce, the fundamentals remain intact. What is most concerning is the risk of institutional turmoil at the U.S. Federal Reserve.

[Source: Milano Finanza]

Progress in talks between the U.S. and Iran is weighing on the ultimate safe-haven asset, which has dropped by 2% in today’s trading session. The U.S. dollar index is up 0.5%, supported in part by progress in negotiations between Russia and Ukraine, mediated by the United States superpower.

[Source: Market screener]

Gold prices have dropped by over 1%, affected by low trading volumes due to the holiday closures of Asian and U.S. markets. Silver falls by 0.5% to 77.01, after an initial drop of 3%.

[Source: Websim]