Gold swings back above $2,900 despite a red-hot overbought RSI

Gold comfortably drives above $2,900 halfway through the European trading session on Tuesday.  Market are on the lookout for headlines from Saudi Arabia where US and Russian officials are meeting.  A daily close above $2,910 could put Gold on track for a new all-time high this week.  Gold’s price (XAU/USD) is flirting with a near 0.50% gain … Read more

Strives for firm footing above 0.9000

USD/CHF gives up intraday gains and falls back to near 0.9000 as the US Dollar struggles to hold recovery. Fed officials expect that the current monetary policy is in the right place. The SNB could opt for negative interest rates to avoid risks of inflation remaining persistently lower. The USD/CHF pair surrenders its intraday gains … Read more

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