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As we close off the week, Gary Wagner reflects back to see how record-high equities and positive U.S. economic data affected the gold market. Wagner also looks ahead and says that as traders get back to their desks from summer holidays, the market will return to a more consistent normalcy. “My sentiment [last week] was we needed to stay above $1,265,” he says. “The bulls have been able to keep the market above $1,280….so it gives me a little bit more optimism.” Wagner says his analysis this week will focus on new key support and resistance levels in the gold market. Tune in now for more insights from veteran trader Gary Wagner on this latest edition of Chart This! Kitco News, August 29, 2014.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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