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@Nicemicenog:Up//
@Suman923:$Gold - main 2206(GCmain)$ $Micro 10-Year Yield - main 2202(10Ymain)$ Spot gold hit its highest level since March 14 in session, testing the $1,960 zone. The comments of Charles Evans somewhat cooled his ardor at the end of the session.Technically investors would remain waiting for information on the level of intervention from the Fed which could put a lid on the gold market.In this regard, the March US consumer price report, due today, could enlighten traders expecting further increases due to the impact of the war in Ukraine on energy costs.In the longer term, the war in Ukraine continues and without a clear solution and it would become obvious that gold is supported.
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Comments
Its surely too high to enter now