The speed at which we all got hit by the COVID-19 pandemic caught many of us by surprise. That said, the lessons we’ve learned from the tragedy of this lethal virus have been invaluable. In this article, I’m going to discuss three main lessons I’ve learned.
Secular trends don’t stop
If anything, the
Gold markets have rallied rather significantly again during the day on Monday, as we have cleared the $1900 level handily, and have even made a move towards the $1943 level early during the New York session. At this point, it should be obvious that the trend is to the upside and selling gold is all
Gold (XAU/USD-spot) made a lifetime high of 1945.69 in the early European session Wednesday, soared almost +2.37% on broad weakness in USD amid U.S./global stagflation, corona stimulus 4.0, elevated U.S.-China cold war tensions and hopes for YCC (Yield Curve Control) talks by Fed in its next monetar
Georgette Boele, Currency and Precious Metals Strategist at ABN AMRO Group Economics, thinks the psychological level at $2,000 for gold is within reach after XAU/USD broke above the previous all-time high that was set at $1,921 on September 6, 2011.
"We recognise that the stars are still
On Monday, July 27th, the troy ounce of Gold updated its all-time highs and reached 1938 USD. A bit later, it had to correct but the major tendency remained the same – upwards!
There were two key triggers for Gold to go up. The first one lies in the investors’ high demand for “safe haven” assets: as
Gold price (XAUUSD) made history today as its price rose to its all-time high. As at 06:00 (GMT), the metal is trading at $1935, which is a few points below the intraday high of $1,945. By this rally, the price moved above the previous all-time high of $1,918, which it reached in 2011.
Gold Price Ra
Spot gold surged to new all-time high ($1944) in early Monday’s trading, extending last week’s 5% rally.Deepening crisis between the US and China further boosted safe-haven demand and deflated dollar which fell to the lowest in nearly two-years.Break of former top at $1920 was quite fast, altho
Gold (XAU/USD) managed to break above the previous top at $1,911 – dating back to September 2011. The new all-time high was created surprisingly easily with no real battle from the bears at the resistance area. Is there any direction but up at the moment?
Price Charts and Technical Analysis
Gold touched record prices as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment.
In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Thos
Spot gold blasted past its longstanding record as the dollar plunged and concerns about the global economy boosted demand for havens. Silver rode on its coattails, jumping to the highest in nearly seven years.
Bullion’s move -- which may put it on track to take out $2,000 an ounce -- came as a g
Gold (XAU/USD) trades with sizeable gains so far this Monday, having recorded fresh life-time highs at $1944.76 earlier in the Asian session.
The unprecedented level of monetary and fiscal stimulus adopted by the global central banks and governments have weighed heavily on the inflation-adjusted US
The gold price rose to its highest price on record as investors focused on rising tensions between the United States and China. Media reports suggested that the two countries could be headed for a total breakdown of relations and outright conflict within the next few months. In a statement last week
The rise in gold to take out all-time highs has been supported by the following three things:
A weak dollar. Fears of a fiscal cliff this week from the US are keeping the dollar weak on the session and this has bolstered gold.
A technical break of the all-time highs in gold opens up the $2000 re
Gold 4 Hour Price Update
Updated July 27, 2020 12:59 AM GMT (08:59 PM EST)
Gold is up 0.97% ($18.17) since the last 4 hour candle, marking the 5th candle in a row an increase has occurred. Gold outperformed all 5 assets in the metals asset class since the last 4 hour candle.
Gold Daily Price Recap
Having settled last week just above the $1900 mark, Gold (XAU/USD) kicked-off the Fed week with a bang, hitting a fresh life-time high at $1944.76. Stops got likely triggered on a break above the previous record high of $1921.14, which called for a quick $25 rally. The traditional safe-haven extends
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