As Ashrafpredicted last week in terms of price and time, precious metals took a sharp fall that turned into one of the largest declines in years. Euro and franc are the top performers against USD and Kiwi and JPY are lagging as indices attempt to retrace late Tuesday's losses. US July CPI came in as expected. Ashraf is on holiday til the rest of the week, but he pointed out a few voice notes and trade ideas to the WhatsApp Broadcast Group. أشرف العايدي سيكون في إجازة خلال الاسبوع الحالي
Too much new money and too many weak hands was the story of the last leg of the gold market. A reversal in Treasury yields on increasing supply led to a rush to the exits and a 6% decline in gold and 15% drop in silver.