My belief is that economic data
Has only a short term affect on the gold price.
But no long term affect.
Those who control the price of gold
Use data when it suits and ignores it when it doesnt.
A few years back non farm payrolls were used as an excuse
For major swings ...nowadays it is the DXY
Remember the Trump election.
That was the biggest furfee ever.
How could electing that moron be good for anything.
Gold is going up but not in a straight line.
My advice is to invest in gold miners that
Will definately be producing more gold in the future.
Not hopefully.....There are a few on the ASX
Cheers
BDR Price at posting:
9.1¢ Sentiment: Sell Disclosure: Not Held