Turkey was the biggest buyer of gold among central banks last year, with households also rushing to buy the commodity to shield from geopolitical uncertainty and rampant inflation.
Gold today at 1878 (and its array of conventional studies turning negative), price is now just 22 points above the 1856 level which if eclipsed in the ensuing week flips..
"I can't believe he blew this one". When Jay Powell started speaking, he was dovish as could be and the markets soared. He did not convince. Gold overbought, $1985 resistance area coming up..