kinesismo neysystem

Gold prices testing support around $1,650 as U.S. PCE rises 0.6% in September, in line with expectations Nhe gold market is testing critical support around $1,650 an ounce as U.S. inflation pressure rise in line with expectations. Friday, the U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.5% last month, up from August's increase of 0.6%. The data was in line with expectations. For the year, core inflation rose 5.1%, up from August's annual increase…

Gold, silver in price downdrafts amid plunging oil, deteriorating charts Gold and silver prices are sharply lower in midday U.S. trading Tuesday. A huge drop in crude oil prices that sees Nymex futures trading back below $100 a barrel is bearish for the metals markets and the entire raw commodity sector. The near-term technical postures for gold and silver have also deteriorated significantly recently, which is inviting the chart-based speculative sellers to step in. April gold futures were last down…