USD Is Weaker, Why Isn't Gold Reacting? - Jim Wyckoff

The weaker U.S. dollar is not giving gold prices the boost analysts and investors expected as Jim Wyckoff joins Kitco News to explain why on this week's edition of Technically Speaking. "The past couple of days we've seen the dollar back off significantly and gold hasn't seen much of a positive impact like one would expect," he says. "I would suspect that's due to the holding pattern that gold and silver traders are exhibiting ahead of some key economic data on Friday with the U.S. jobs report." He adds that the market is firmly awaiting that data as it ignores other market movers, such as the weaker U.S. dollar and rumors of a Greek draft deal, which he notes the market "has become numb to." Tune in now to find out whether Jim's Wyckoff market ratings are leaning towards the bullish or bearish camp this week. Kitco News, June 3, 2015. (show less)

The weaker U.S. dollar is not giving gold prices the boost analysts and investors expected as Jim Wyckoff joins Kitco News to explain why on this week's edition of Technically Speaking. "The past couple of days we've seen the dollar back off significantly and gold hasn't seen much of a positive impact like one would expect," he says. "I would suspect that's due to the holding pattern that gold and silver traders are exhibiting ahead of some key economic data on ... (read more)

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