GOLD BUY CONFIRM ANALYSIS FOR TODAY
Updated
Gold price is making a minor recovery attempt near $2,020 early Wednesday, replicating the move seen in Tuesday’s Asian trading. Risk sentiment appears to be in a tepid spot, underpinning the Gold price alongside a pause in the US Dollar upswing.
The US Dollar has stalled its two back-to-back days of recovery even though markets have turned cautious after Moody’s Investors Service downgraded its outlook on China’s government credit ratings to negative from stable. The rating agency, however, retained China’s “A1” long-term rating on the country’s sovereign bonds.
The US Dollar has stalled its two back-to-back days of recovery even though markets have turned cautious after Moody’s Investors Service downgraded its outlook on China’s government credit ratings to negative from stable. The rating agency, however, retained China’s “A1” long-term rating on the country’s sovereign bonds.
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