Gold continues to trade in a multi-month range despite Monday’s sharp sell-off, while silver slips lower, but a longer-term bullish pattern remains in place
The German economy contracted by 0.1% in the second quarter, initial data showed today, missing estimates of +0.1%
The precious metal has withdrawn from the spike high but is yet to suggest a deep retracement lies ahead. Israel-Iran tension stokes broader conflict concerns
Bank of Canada will breathe a sigh of relief following a better-than-expected CPI print. The Central Bank will be hoping this is a start of a trend rather than a once off drop as we had in June.
Gold is down by $100/oz. over the last month and with little in the way of support on the chart, further losses may accrue
Spot Gold is consolidating in a tight range ahead of US CPI. The Precious Metal seems in dire need of a catalyst at this stage as price action remains choppy.