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This is the Next Key Level for Gold, Plus Consumer Confidence, Monetary Policy and Real Estate

September 29, 2020

With the US dollar trading lower, this is the next key level for gold, plus consumer confidence, monetary policy and real estate.

Gold

September 29 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Having found support at $1850/oz, gold is now enjoying the dual tailwinds from a weaker US dollar and a second day of falling U.S. real yields. Next level of interest being $1900/oz with Presidential Debate 2020 in focus (see chart below).

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