Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets
By: GoldCore
GoldSeek.com
Friday, 12 October 2018
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.
Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.
Gold is 1.3% higher for the week as of mid-morning European trading today. It needs to close positively this week in order to confirm a possible trend change.
A lower close this week, despite the significant volatility, would be bearish in the short term and suggest that gold needs a period of further consolidation before the bull market can resume in earnest.
It is too soon to tell if this week marks the much-anticipated turning point for gold but it certainly felt like an important week in the markets.
The Rest…HERE
