Gold and its path during the bearish week ?
Gold/U.S. Dollar FX:XAUUSD
In the world gold market, spot gold price is at 1188.4 USD/ounce.
Gold futures for December delivery on the Comex New York exchange fell $9.3 or 0.47% to $1,950.6 an ounce.
Gold continued to fall and fell to a 4-week low on pressure from another economic report from China that showed less consumer demand for goods and services, including metals. type.
According to the report, the world's second-largest economy has fallen into deflation for the first time in two years due to weaker consumer demand. China's consumer prices fell 0.3% in July compared with the same period last year.
Selling activity in the chart-based precious metals market also emerged midweek, as the short-term technical views on gold and silver turned more bearish.
Originally posted here: https://ift.tt/qYOo4g1
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