Gold Miners Flash Sell Signal as 2008-Style May Breakdown Looms

From Investing.com: 2025-05-02 14:02:00

Next week is expected to be important after the release of U.S. statistics that were better than expected but within the usual range, causing minimal market reaction. Gold prices corrected after a slight drop, indicating a potential rally ahead. The USD Index completed a bullish pattern, suggesting a bottom is in or near, which could impact gold and silver prices. Stock market movements are also tied to the USD Index reversal, with a potential significant decline next week. Mining stocks flashed a warning sign as the VanEck Junior Gold Miners ETF closed below the highest point of 2020, signaling a possible sell-off.



Read more at Investing.com: Gold Miners Flash Sell Signal as 2008-Style May Breakdown Looms