Fri, 05 Mar 2021 09:51:18 GMT
Gold drops below 1,700.00
The Chairman of the US Federal Reserve Jerome Powell made a speech on Thursday, which caused a surge of the US Dollar. This resulted in the price of gold bouncing off the combined resistance of the 1,720.00 mark and the 55-hour simple moving average.
The price almost immediately reached the 1,690.00 level, which provided support. By the middle of Friday's