Gold hit a six-month low, the support level for 6 Hr Market Cycle has reached 1245.76, a 6.16 drop from yesterday’s morning call.
High US dollar demand remains unabated as markets prefer to hold the world’s reserve currency against the safe-haven gold. The mixed signals from Washington have also deepened the US-China trade row, further fueling demand for the dollar. Therefore, we see the yellow-metal prices showing little affect from the trade tensions escalation.
It’s time to let us know who you think will be the winning team for the Third Match of our Football Specials 2018!
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3rd Match Details:
Name of Match: England vs Belgium
Match Date: 29 June 2018, Friday, 2am
Promotion Period: 30 June 2018, Saturday, 1pm to 04 July 2018, Wednesday, 5pm.
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Gold continues to sell-off, support levels fell from $1267.09 (yesterday’s Morning Call) to $1261.17 today, cruising towards a new 6-month low.
US Treasury bond yields appear flat today (2-year & 10-year), while to US dollar continues to rise.
Gold prices were further hampered after the reiteration of US Fed’s Jerome Powell’s bullish stance on inflation.
It’s time to let us know who you think will be the winning team for the Second Match of our Football Specials 2018!
Second Match Details:
Name of Match: Germany vs Sweden
Match Date: 24 June 2018, Sunday, 2am
Promotion Period: 25 June 2018, Monday, 1pm to 28 June 2018, Thursday, 5pm.
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