Mobile app version of munafa.org
Login or Join
 Learn then Earn
stockMarketNEWS

 story : : Gold futures end higher, reach a ‘golden cross’ #FinanceUSA #StockMarketNEWS Gold futures reached a so-called “golden cross� on Friday, with the most-active contract ending above ,900 an

@stockMarketNEWS Tue 17 Jan, 2023

Posted in: #FinanceUSA #StockMarketNEWS

: Gold futures end higher, reach a ‘golden cross’ #FinanceUSA #StockMarketNEWS
Gold futures reached a so-called “golden cross� on Friday, with the most-active contract ending above ,900 an ounce for the first time since late April, according to Dow Jones Market Data. A golden cross happens when a short-term moving price average crosses above a long-term moving average, potentially indicating a change in sentiment toward the metal. The 50-day moving average for most-active gold futures rose to ,789.94 Friday, topping the 200-day moving average of ,786.74. “Gold has easily cleared the ,900 level, and hitting these big numbers helps attract investors to a trend,� said Brien Lundin, editor of Gold Newsletter. Meanwhile, a golden cross for gold “should attract more buying from technically-oriented traders,� said Lundin. Gold for February delivery GCG23 rose .90, or 1.2%, to settle at ,921.70 an ounce on Comex. Prices ended 2.8% higher for the week, according to Dow Jones Market Data.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme