Mid-week Technical Outlook: Gold Explodes Higher

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If you are looking for some market action…just take a look at gold.

 

 

Gold prices went through the roof on Thursday afternoon, gaining almost 2% as the dollar and Treasury yields tumbled following the US inflation report.

 

 

Consumer prices in the United States increased 5.4% year-over-year in September after advancing 5.3% on a year-on-year basis in August and 0.4% versus expectations for 0.3% on the month. Given how gold is seen as a hedge against inflation, prices could push higher in the near term – especially if Treasury yields continue to… Read More:

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