Gold is trading near a three-month high and looks very good, but only due to a sharp dip in the US dollar. A troy ounce is worth $ 1,837 and may well make a second attempt to test $ 1,850 if it manages to break through the $ 1,846 resistance.
The buck is declining under the pressure of market confidence in the duration of the stimulation of the US economy and the simultaneous acceleration of inflation. In fact, this is not news at all. It would be foolish to expect that the $ 120 billion per month buyout program will be phased out as soon as the first signals of economic stabilization appear, and Joe Biden will abandon the idea of pumping additional funds into the economic system. The market just got carried away with this topic. A new one will appear, everyone will run in the other direction.
Silver is also looking good, with an ounce stabilizing around $ 27.48 by Tuesday. The day before, the precious metal renewed its maximum since February 25 of this year, having touched the peak of $ 28.00, and may return to the idea of attacking $ 28.26 in the near future.
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