Gold Declines as US Inflation Stabilises
Alison Heyerdahl August 10, 2023 08:37 AM
Gold price appears to have reached a new monthly low of $1,916 and seems prone to further declines. Having consistently stayed beneath both the 20 (yellow) and 50-day (purple) Exponential Moving Averages (EMAs), gold is now trending towards the 200-day EMA (pink) set at $1,904.00.