trading gold

donnap said:
Yes, gold has been, er, "difficult" for me.

And silver is gold's idiot, bipolar, crackhead, cousin.

I do like them as investments, however. Shiny, pretty stuff.
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I'm so glad I don't trade GC anymore. Last night was ATH then this morning, wham! 25pts down. It's only for fast trading.
 
13 OCT 2023

up and up and up and
up and up and up and
up and up and up and
up and up and up and
up and up and up and
up and up and up and .....





CNBC latest news:
Gold set to mark best week in 7 months as markets price in end of Fed hikes
Gold prices rose on Friday, set to mark their best week since mid-March as U.S. bond yields lowered, increasing the appeal of U.S. dollar-backed bullion as markets price in a chance that Fed’s rate increase cycle has come to an end.

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MY GOODNESS!
 
Reuters latest news:

UPDATE 1-Retreat from risk boosts 'safer' havens as Middle East conflict intensifies
Naomi Rovnick and Ankur Banerjee
Fri, October 13, 2023 at 8:30 PM GMT+8





(Updates to London midday)

By Naomi Rovnick and Ankur Banerjee

SINGAPORE/LONDON Oct 13 (Reuters) - Global shares slipped on Friday while assets considered to be safer havens such as gold and U.S. Treasuries rose as traders retreated from market risk as conflict in the Middle East intensified.

MSCI's broadest index of global equities fell 0.3%, while Europe's Stoxx 600 share index slid 0.4%.

But the real action in markets on Friday was outside of equities, with gold on course for its best week since a U.S. banking crisis in mid-March and oil set for a strong weekly gain.


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CNBC !!! WAKE UP! Read Reuters news!

Gold is up 2.6% already !!!
It is unlikely due to the Fed rate thing!
 
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