Home Uncategorized Gold gaining momentum as US jobless claims top 36 million

Gold gaining momentum as US jobless claims top 36 million

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The price of gold is pushing towards a fresh peak above 1,750, maintaining its recent momentum following Federal Reserve chairman Jerome Powells downbeat speech in the US earlier this week. Gold has been in a sideways channel over the last month testing the seven year highs on a couple of occasions and retreating. Now it is challenging that resistance level again, looking for a breakout to take the price a leg higher.