Weekly Fundamentals - Gold's Uptrend Ending on Brutal Selloff

8 October 2016 8 October 2016

CarmineMchenry1

Gold's 2016 uptrend might have finished! Price of the yellow metal has been under pressure over the past month and a massive selloff was seen last Tuesday, following hawkish comments from Richmond Fed President Jeffrey Lacker and the breach of the psychological support of US$1300/oz. Headline payrolls figure appeared disappointing in September.