-
Gold Analysis: Forming an Uptrend Channel
Meanwhile, Chicago Federal Reserve President Austan Goolsbee described the latest reading of consumer price inflation as "excellent" on Tuesday and expressed optimism about further slowdown in inflation this year. Currently, investors are focusing on weekly unemployment claims due later in the day and purchasing managers' indices on Friday for insights on consumption and economic strength. On a gold market-impacting front, the DXY US Dollar Index is hovering around 105.3 today as US investors return from a one-day holiday, while markets look to further economic data for better guidance on expectations. US new ... (full story)