Metal Markets Report For Monday, Aug 18
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In this video, Ira Epstein discusses the current state of the metal markets, focusing on gold's trading patterns and its recent challenge of the 18-day average of closes. He notes that the gold market is currently in a trading range and warns of a potential downside trend, highlighting the importance of the 3330 level as a support zone.
Epstein also touches on global geopolitical developments, including a significant phone call between Putin and Trump regarding the Ukraine conflict, and the impact of these events on the stock and currency markets. He mentions that the dollar rallied on the news, while gold and silver remained flat, and crude oil prices are steady.
Video Length: 00:07:06
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