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Gold rallies toward ‘golden cross’ after defying bearish signal

Por: MarketWatch Business November 29, 2023

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Gold futures were on track to soon reach that technical milestone. As of Wednesday, most-active futures saw the 50-day moving average at $1,950.50 and its 200-day moving average at $1,953.29, according to Dow Jones Market Data. The February gold futures contract settled at $2,067.10 an ounce on Comex, the highest finish since Aug. 6, 2020. Most-active gold futures are headed for a golden cross, roughly 2 months after a death cross. FactSet The... + full article



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