The metal market took a dramatic step back as Gold fell over $400.
With indices under pressure after a mixed earnings report, is this the beginning of a global correction?
Timestamps:
SPX500 00:20
NSDQ 01:35
DOW 02:10
Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.
What does the graph represent? You know the reasons, but focus on this chart. There are different explanations for the gold selloff by different people: 1. Reporters/Junior analysts: rising yields/high inflation end case for rate cuts. 2. Junior Traders: Selling few some holdings to lock gains & absorb portfolio losses 4. AdvisoryNewsletters that charge…
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Intraday Analysis 03.07.2025 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Silver prices dropped to approximately $32.50 per ounce on Thursday, receding from their peak over the past two weeks as traders chose to secure their profits after a robust upswing in precious metals. Recently, these metals have experienced a significant rise, with gold reaching unprecedented levels due to increasing uncertainties in global trade and overarching…