Gold is flat today but plenty on the calendar to watch for

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Gold up $1 today

Gold jumped on Thursday to hit a multi-year high only to give it all back a day later. The jump came on 50 bps cut talk from Williams, which the Fed later denied.
The chart has held near the range-break today but it’s not doing much.
Understandably, the market is focused on the central bank decisions coming up.
Those include:

  • July 25 — ECB
  • July 30 — BOJ
  • July 31 — FOMC

The market is still trying to sort-out whether this is the start of a global easing cycle or just a rate cut here and there. I’m not sure we’re going to get the final answer by the end of the month, but we will get some hints.
I talk about gold starting at 5:05 here:




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