Trading strategy on December 12, priority to sell
World gold prices dropped sharply with spot gold down 25.2 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,997.3 USD/ounce, down 17.2 USD compared to yesterday morning.
World gold prices slid due to pressure from the recovery of the USD and rising bond yields. The USD rose 0.2%, making gold more expensive for holders of other currencies. US 10-year Treasury yields also rose higher, increasing the opportunity cost of holding gold.
Currently, investors wait for important meetings of several central banks. Specifically, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank will also conduct policy meetings on Thursday. In addition, investors are also interested in data. US inflation data. This data is said to be able to influence the policy roadmap of the US Federal Reserve (Fed).
World gold prices slid due to pressure from the recovery of the USD and rising bond yields. The USD rose 0.2%, making gold more expensive for holders of other currencies. US 10-year Treasury yields also rose higher, increasing the opportunity cost of holding gold.
Currently, investors wait for important meetings of several central banks. Specifically, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank will also conduct policy meetings on Thursday. In addition, investors are also interested in data. US inflation data. This data is said to be able to influence the policy roadmap of the US Federal Reserve (Fed).
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🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/FalCol_TradingMaster
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