Gold continue to decrease
Gold extended a rout into a fourth day as concern that Europe’s debt crisis is escalating boosted the dollar, raising the prospect that the precious metal may enter a bear market.
Current gold is trading at $1572,90 per ounce (-0,88%).
Gold’s RSI(14) for daily prices was at 27.21 today. The index last dropped below a level of 30, a signal that prices may rebound, in September 2008.
|remaining time till the new event being published|
- U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
- UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
- German output growth remains moderate in June - IHS Markit
- Eurozone composite PMI hits seven-month in June - IHS Markit