The sharp bounce in gold and silver recently has raised questions on whether it is time to reassess the bearish outlook. Is it time to reassess the broader outlook?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principle...The sharp bounce in gold and silver recently has raised questions on whether it is time to reassess the bearish outlook.
Granted, quite a few US Federal Reserve officials have shifted to a less-hawkish tone given the recent jump in long-term yields. The tightening in financial conditions undoubtedly reduces the need for imminent tightening, but probably not a Fed pivot, which Fed Chair Powell seemed to indicate on Thursday.
Deeply oversold conditions earlier this month triggered a rebound from strong converged support on the 200-week moving average, around the February low of 1805 and the lower edge of a rising pitchfork channel from 2011.
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U.S. stocks open lower as S&P 500 heads for weekly lossChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
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