Momentum slowing on US interest rise banter

Momentum slowing on US interest rise banter

Banter concerning renewed likelihood of the US interest rate rising has dominated the markets over the past week. It started with a 2% fall in the gold price as a gut reaction to news flow, with the price continued at the lower levels. There was some slowing of momentum in the mining stocks as the week progressed, but there was no breakdown. The number of stocks in uptrend improved slightly. The firming oil price assisted with the strength in oil shares.

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