Rollercoaster in Gold Continues Amid Rising Treasury Yields, Stronger Dollar
Gold extended its losses in early trading on Wednesday, before rebounding sharply. The yellow metal fell by over 5% on Tuesday, marking its worst day in 7 years.
Dollar Underpinned By Upbeat Economic Data
The greenback remained on the front foot in early trading on Monday, after Friday’s better than expected US employment report.
Silver Soars to Fresh 7-Year Highs
Silver climbed to its highest levels since April 2013 in early trading on Wednesday, while gold rose to new record highs above $2,000 an ounce. The move comes after July’s 34% rally, marking silver’s largest monthly gain since December 1979.
Simon Ree Interview: The Tao of Trading
Simon Ree has been an active trader and investor since 1992. His book, The Tao of Trading launched this month and has already reached #1 Amazon Best Seller status across five categories.
Gold Consolidates As Risk Appetite Picks Up
Gold traded lower early on Thursday, as investor mood was buoyed by the dovish stance of the Federal Reserve. On Wednesday, the Fed committed to leave interest rates near zero and pledged to use all its tools to support an economic recovery.
An Effective and Simply Day Trading Strategy That I Use
Charlie Burton’s presentation from the June 2020 Smart Traders Bootcamp.
Gold Holds Near Nine-Year Highs
Gold remained bid in early trading on Friday, underpinned by the prospect of further fiscal stimulus and simmering US/China tensions. Meanwhile, the US Dollar Index fell to its lowest levels since September of 2018.
Dollar Holds Above Key Support as Risk Appetite Dampens
The greenback rebounded on Thursday, amid fears that a resurgence in the coronavirus could slow a global economic recovery. Meanwhile, US/China tensions remain elevated, with murmurs that a new Cold War is emerging between the superpowers.
Alpesh Patel: Trading Tips from the Worlds Leading Traders and Hedge Fund Managers
Presentation from the June, 2020 Smart Traders Bootcamp.