GOLD (July 7) Try to regain momentum
Gold is attempting a small recovery to regain the $1,920 barrier in today's trading. Market sentiment is risk-averse, and expectations of a tighter Fed policy are supporting the USD, while US Treasury yields reach new highs. US traders returned to work after the national holiday, still showing weaker risk appetite on Wednesday.
They reacted negatively to new trade tensions between the US and China. The minutes from the Federal Reserve's June meeting provided some optimism, with most officials indicating the possibility of further tightening. However, there were some disagreements among members, as reflected in the documents.
They reacted negatively to new trade tensions between the US and China. The minutes from the Federal Reserve's June meeting provided some optimism, with most officials indicating the possibility of further tightening. However, there were some disagreements among members, as reflected in the documents.
