Gold prices drop: Why margin calls beat war fears
Gold sits 7% below its start as CME margin hikes forced liquidations, proving rate mechanics now override geopolitical risk for traders.
Gold sits 7% below its start as CME margin hikes forced liquidations, proving rate mechanics now override geopolitical risk for traders.
Gold faces four straight weekly losses as Fed hikes loom. With resistance at $4170 holding firm, technical bounces lack the muscle to reverse the trend.
EUR/CAD bulls defend a key zone where the 100 SMA aligns with the 38.2% Fibonacci, but RSI data at 26.04 warns of hidden risks.
GBP/AUD bounced off Fibonacci support, but Chinese retail sales fell 0.6%. See how UK CPI data could break the stalemate before the BoE meets.