By Nigel Somerville | Saturday 8 January 2022
Our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com, reckons that Gold is in for some slippage – it could slip down to around $1670 or so in the run-up to the Fed’s first interest rate hike, probably in March. If that is not enough, the minutes of the last Fed rate-setting meeting made it clear that it will be tightening policy – and possibly performing quantitative tightening (the opposite of QE) too. Normally that might be seen as a cue for the yellow metal to nose-dive, and although it fell once again below $1800 it closed the week at a resilient $1797 – down just $33 from the close at the end of 2021.
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.
Filed under:
Friday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Saturday »
Friday »
Time left: 10:35:44