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Gold prices continue to climb, surpassing $2,660.
27.50K positive delta on just 1 million volume of trade which means 27 % approx. of trading is net positive on buying side over the daily candle. This is massive interest in buyers side, and shows no room for selling side in near term momentum.
Gold price buyers appear unstoppable, price extends its recovery mode into a fourth straight session early Thursday, helped by a modest pullback in the US Dollar (USD) and the US Treasury bond yields.
The USD rallied hard on Wednesday, tracking the sharp gains in the US bond yields as traders reinforced the Trump trades optimism, digesting hawkish Fed commentary and poor 20-year bond auction results.
Gold price buyers appear unstoppable, price extends its recovery mode into a fourth straight session early Thursday, helped by a modest pullback in the US Dollar (USD) and the US Treasury bond yields.
The USD rallied hard on Wednesday, tracking the sharp gains in the US bond yields as traders reinforced the Trump trades optimism, digesting hawkish Fed commentary and poor 20-year bond auction results.
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