Wrapping Up the Current Week in Gold

international gold
Written by Mike Hammer

Gold has had an interesting week. Leading into it, news of the trade war between the US and China easing somehow led to the Dollar strengthening, just a touch. Which is good for most folks in the US but bad for gold traders.

Then Jerome Powell got dovish on the market, indicating the Fed might not raise rates if the stock market continued to struggle.  Which in current terms means it’s not making new all-time highs every month.  Or something like that.

The dollar responded by…

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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