Metal Markets Report For Wednesday, June 3

Gold prices edged higher as the Dow found a bid, even as tech-heavy indices faced selling pressure.

depositphotos_84014742-stock-photo-gold-silver-rings-and-chains.jpg

Source: DepositPhotos

Ira Epstein discusses the current shifts in the financial markets, noting a bid in the Dow and stability in the Russell, while the Nasdaq and S&P are losing ground. He observes a slight increase in gold prices without clear fundamental reasons and highlights the downward trend in energy markets, as indicated by price counts.

Epstein also previews upcoming economic reports, including job cuts, jobless claims, and productivity data, and emphasizes the educational resources available on technical indicators.

He concludes by analyzing gold's bearish trend amid geopolitical tensions, suggesting potential for a price increase if a peace deal materializes.

Video Length: 00:06:52

STOCKS IN THIS ARTICLE

Comments