Will the oil prices rise?
The organization of the petroleum exporting countries (OPEC) and non-OPEC oil producers (Russia) will meet on July 1-2.
The rally for the yellow metal
The dovish Fed pushed the price for the yellow metal up. On the H4, after reaching the resistance at $1,387, bulls need to prove their strength by breaking this level. After the breakout, the further rise will be limited by the next resistance at $1,423. From the downside, there is a support at $1,353, after that the next support levels will be placed at $1,341 and $1,333.
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Gold reaches new high
The price for the yellow metal has crossed the level at $1,341.
5 important events this week will bring us!
Find out the main drivers for this week
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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