Full Article: The Battle For $1,300 Gold
By: Todd “Bubba” Horwitz
The way the metals have been trading, they shouldn’t be entering any beauty contests; they have been ugly. Now that gold has broken key support of $1,310, trading down to $1,302 on Tuesday, it’s time for the gold bulls to buckle up. A break below $1,300 brings the $1,240 level back into play.
Today at 2 p.m. EDT, the Fed and Chair Powell will announce their decision on interest rates. There is no hike planned for today. However, with Tuesday’s inflation data, we could see a surprise hike, which would catch the markets by surprise.
Full Article: The Battle For $1,300 Gold
By: Todd “Bubba” Horwitz
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