Insignia Consultants | Asian Metals Market Update: Will the US dollar Index continue to rise this week?

Asian Metals Market Update: Will the US dollar Index continue to rise this week?

Asian Metals Market Update: Will the US dollar Index continue to rise this week?

Will the US dollar Index continue to rise this week and negatively impact precious metals and base metals? OR has a short term bottom been formed in gold, silver, copper, zinc and natural gas?

Gold, silver and copper fell last week on the back of a technical breakout in the US dollar Index and below par growth in China. Traders and short term investors reduced net long positions in silver, copper and zinc. Very short term traders exited gold as it fell below $2000. US economic data releases last week have not impacted any asset class.

 

https://goldseek.com/article/asian-metals-market-update-will-us-dollar-index-continue-rise-week

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