Gold futures rise, but stay on track for biggest weekly drop since March 2020

By: Admin
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FROM WWW.MARKETWATCH.COM

The losses in gold futures following Wednesday’s Fed policy meeting sent prices below the 100-day and 200-day moving averages, and “a lot of buy stop losses were triggered” when those levels failed to hold, said Chintan Karnani, director of research at Insignia Consultants.

FULL REPORT IN THE LINK BELOW

https://www.marketwatch.com/story/gold-edges-higher-but-on-track-for-biggest-weekly-drop-since-march-2020-11624020977?mod=mw_latestnews