In the second half of the day, gold reversed its uptrend and is currently erasing all of the gains from Friday’s session. Silver is behaving similarly, now trading lower on an intraday basis. The reason for this withdrawal is currently unclear. There were no significant changes in monetary/geopolitical news, other than some mildly hawkish comments from the Fed’s Goolsbee.
Source: xStation 5
This material is a marketing communication pursuant to Art. 24, paragraph 3, of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). The marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016, supplementing EU Regulation) n. 596/2014 of the European Parliament and of the Council as regards regulatory technical standards for technical provisions for the objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for the disclosure of particular interests or indications of conflicts of interest or any other advice, including in the context of investment advice, within the meaning of the Securities Act of 29 July 2005 (e.g. Journal of Laws 2019, entry 875, as amended). The marketing communication is prepared with the utmost diligence, objectivity, presents the facts known to the author at the date of preparation and is free of elements of evaluation. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer to sell, offer, subscription, invitation to purchase, advertising or promotion of financial instruments. XTB SA is not responsible for any actions or omissions of the client, in particular for the acquisition or disposal of financial instruments. XTB accepts no liability for any loss or damage, including without limitation, any losses, which may arise directly or indirectly, incurred in reliance on the information contained in this marketing communication. In the event that the marketing communication contains information on any results relating to the financial instruments indicated therein, these do not constitute any guarantee or prediction relating to future results. Past performance is not necessarily indicative of future results, and anyone acting on this information does so entirely at their own risk.
