Gold producers looking better on the charts

Gold producers looking better on the charts

Even though the leading indices continued to be in recess, the gold sector was showing some positive signs during the week. On Tuesday, many of the gold producers broke through their short term downtrends that they had been trapped in for the last few weeks. A number of gold exploration stocks continued to rise with sustainable uptrends while the market continued to be positively responsive to good exploration results. There has been nothing to suggest that gold’s good times will end any time soon. News from the US that interest rates will stay low until 2023, means good time will continue for the gold price.