An excerpt on gold from ANZ’s analysis of Thursday’s price movements:
Gold rose after the US economy contracted for a second straight quarter.
- The subsequent decline in USD and bond yields led to a pick-up in investor demand.
- It also dims the outlook for further aggressive rate hikes, which have weighed on investor demand for the precious metal in recent weeks.
Also, did anyone mess with the golden candle on this chart highlighted at this time last week?
I got an okay comment, which was great!
ps. you can check out the chart at this link above, and rest assured, the “sexy candle” is totally SFW! 😉