Weekly Gold Report (July 22nd through July 31st)
Ben Bernanke remained in the spotlight last week when his testimony reminded global markets that FED tapering would not begin until unemployment is below 6.5% and inflation is moving above 2%. That was the third or fourth reminder of the outcome of the FOMC meeting that took place a few weeks ago. So just in case anyone forgot the message the first two times, he was sure to get the news to them from another platform.
The reminder kept most commodities nicely underpinned and provided decent intraday volatility to trade throughout the week. Continue reading "Gold Chart of The Week"