Gold is on the cusp of new record highs or a bear market - Felder Report

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Gold is on the cusp of new record highs or a bear market - Felder Report FelderReport gold bearmarket

- The gold market appears to be at a critical juncture that could determine whether prices are headed back to all-time highs or falling into a new long-term bear market, according to one market analyst.

Although gold prices have recently dropped from January's nine-month high, they are still at the upper end of the broader consolidation channel. Felder's analysis noted that January's rally would be the third test of broader resistance around the $2,000 level. "Because the longer inflation remains elevated and the Fed remains behind the curve, the greater the chance of a breakout versus a breakdown.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Unfortunately golds doing little as it usually does. The dollar is looking stronger lately. All conversation without movement is garbage, wasted time, and lately has been a waste of my money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold and a cyclical stock bear marketKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »