Last week there was the big cancellation of North Korean summit - despite markets in USA being green for the week it bounced as trump got all the headlines
Fed also got headlines it would wait for inflation to run above target - and many short term era I assume thought that meant no more or slower rate rises
But close of business Friday - trumpo was back in the headlines saying it ( the summit) “could still-happen” again- then Saturday news that South Korea has held a meeting with North Korea and trumpo said he is talking with kfc boy again - and news trump is pre arrival team is confirmed to be going to Singapore
Last week there was alswas fears of China trade war again with news of investigations into auto industry
Most of these have been washed down over week end
Hence it it probably falling first thing as short term traders on the fear trades bail
It’s jist trading imo- but I’m sure the article which isn’t original will say as the price is falling its manipulation.
The article
Like many to make such similar claims would say if the paper trades popped gold
Price up this morning- it would be righteous—
Just wait for next headline - gold
Will move again up or down - it’s an emotional
Trade
Last week there was the big cancellation of North Korean summit...
Add to My Watchlist
What is My Watchlist?