Gold Prices: Are They 'Under Pressure' in Short Term? | The Mesh Report

Gold Prices: Are They ‘Under Pressure’ in Short Term?

the Mesh Report Staff August 7, 2017 Comments Off on Gold Prices: Are They ‘Under Pressure’ in Short Term?

Increasing stock prices are putting pressure on gold prices, as confidence in the US economy continues.  So far earnings reports have been mostly positive, with some analysts quoting earnings gains of 11% on average.

Such figures are hard to validate during earnings season as sometimes hundreds of companies report daily, so they’re best thought of as relative gauges and not absolutes.  Friday’s US jobs report was followed by “positive” noises from the Fed, which helped depress gold prices some more.

Continue Reading at the Gold Enthusiast

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