Gold costs touch four-month high on talk China souring on Treasuries
Gold costs edged up as the US Dollar fell after authorities from China were said to see
Treasury bonds as less alluring as unsourced reports. Beijing has since denied the story and the yellow metal drooped again into the natural region, yet not before touching the most elevated amount in four months.
GOLD TECHNICAL ANALYSIS – Gold costs remain bolted inside a limited range over the $1300/oz figure. Negative RSI difference still insights a turn lower might be ahead. A day by day close beneath the 61.8% Fibonacci retracement as 1311.34 focuses on the half level at 1297.08. On the other hand, a move over the 76.4% Fib at 1328.98 uncovered the September 8 high at 1357.50. Source