July 9, 2020

Gold prices could be set to take out their long-standing record

A technical reading may also be flashing a warning sign that the rally could lose steam. Gold’s 14-day relative strength index held above 70, a signal for some investors that an asset may be overbought and set to drop. Gold Spot gold rose 0.1% to $1,810.15 an ounce at 7:24 a.m. in London. Prices climbed to $1,818.02 on Wednesday, the […]

Markets 0 27 sec read

July 9, 2020

Market Update- July 09, 2020

U.S. Futures Drift Before Job Data: Dollar Steady Oil Price Hampered Oil traded below $41 a barrel in New York as coronavirus cases continued to surge across the world and U.S. crude stockpiles grew. Hedge Funds Lost- 7.9% Hedge funds lost a record 7.9% in the first half of the year on an asset-weighted basis, according to Hedge Fund Research Inc.

Markets 0 18 sec read