The gold rush is back! Imagine this: Friday was buzzing like a beehive in the futures market, with an astonishing 5.2K contracts more interested in gold, thanks to the CME Group’s fresh scoop. It’s like the cool kid’s party, and even volume, which had been a bit shy lately, pumped up by around 66.4K contracts. Now that’s what I call a comeback!
Waiting for Powell Speech
Gold didn’t fall in Asian trading on Wednesday, but has been losing heavily in the past two sessions as alarmist comments from Federal Reserve officials prompted traders to rethink expectations of another interest rate hike. This puts Fed Chairman Jerome Powell’s upcoming speech right in the middle, as his comments at a conference call last … Read more