Jackson Hole Speech
Jackson Hole Speech: Gold Bubble Pops before Jackson Hole Speech: The action of the price of the early New York trade session yesterday was especially dramatic when gold prices collapsed. 5.6% Fall in the price of NYMEX futures gold contract sends a signal of the market of raw materials that extra clear emphasis on financial markets.
Since the beginning of July, the price of gold from $1,500 to $1,900, accelerated rapidly in the early hours of Tuesday. However, everything changed after the announcement that the requirements of Exchange gold Shanghai of the term gold contracts margin for the second time this month. This led to a decrease of $1,823, a lower price than the price of closing on Monday. Technical analysts noted this as a lamps down day, a powerful reversal signal.
Since the beginning of July, the price of gold from $1,500 to $1,900, accelerated rapidly in the early hours of Tuesday. However, everything changed after the announcement that the requirements of Exchange gold Shanghai of the term gold contracts margin for the second time this month. This led to a decrease of $1,823, a lower price than the price of closing on Monday. Technical analysts noted this as a lamps down day, a powerful reversal signal.
Jackson Hole Speech: Gold Bubble Pops before Jackson Hole Speech: The share price on Wednesday with a continuation of the movement is still small and the sale was intensified as the price fell to a minimum of $1.741. Most of the losses that came in the first minutes of the trading session in New York. The spot price gold on Thursday morning as the proven level of $1,700.
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