Gold Futures Up a Second Straight Day with Dollar in Retreat

Gold futures may have found solid support as buyers have stepped-in for two days in a row now. The US Dollar’s decline may be boosting the precious metal’s appeal as an alternative investment, safe-haven.

In the relationship with 10-yr. T-Notes, the dollar slipped slightly with treasury’s and against most other major currencies. Compared with gold, it’s an inverse relationship – as the dollar has lost ground, gold futures climbed the most it has in two months.

Gold futures trend is still technically down. I view this relief rally as a temporary event and am looking for short signals.


Comments are closed.

Free Report
Receive Actual Trading Statements, & a Special Insider Report: 5 Key Trading Foundation Points

Futures Trading Report

Please note that it
takes a minimum
of $10,000 to effectively
trade these portfolios!
*First Name:
*Last Name:
*Day Phone with
Area Code:


Follow Us on Twitter