Gold prices change rapidly
Updated
On Friday, shortly after Powell failed to address the hawks in his "fireside" chat with stocks looking to hit 2023 highs, we said that Powell would Having major problems isn't so much because if the market is actually right about what's going to happen. Easing will only ensure that inflation will return and that Powell will effectively be the former Fed Chairman's "second man" - only Burns, not Vlcker - but because the price of gold (and digital gold) Moving higher means that the Contradiction for the dollar - and fiat currencies in general - is once again underway.
And with futures having opened for trading on Sunday night, something we joked about on Friday, specifically Powell - seemingly once again out of control on the hawkish narrative - could will reveal emergency interest rate hikes though Nick Timiraos on December 12, ahead of the policy meeting. December FOMC (now the Fed is in moratorium mode)...
And with futures having opened for trading on Sunday night, something we joked about on Friday, specifically Powell - seemingly once again out of control on the hawkish narrative - could will reveal emergency interest rate hikes though Nick Timiraos on December 12, ahead of the policy meeting. December FOMC (now the Fed is in moratorium mode)...
Note
💵SELL LIMIT XAUUSD 2080 - 2083❌SL 2090
✔️TP2 2070
✔️TP2 2060
💵BUY LIMIT XAUUSD 2057 - 2055💵
❌SL 2050
✔️TP2 2065
✔️TP2 2070
Note
Shares of gold miners were also up. Newmont Corp. rose as much as 3.6% in Sydney, while Northern Star Resources Ltd. climbed as much as 5.3%. Zijin Mining Group Co. jumped as much 6.4% in Hong Kong.
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