Category: Market Analysis
It is equally important to look at this market from a proper time frame. A daily price chart will obviously yield more and bigger swings in terms of valuation.
The rising unemployment rate is something to be concerned about. As of right now, that rate sits at 4.4%, beating expectations, but not for the right reasons.
Despite the prominent gold price momentum in India, it would appear that the rest of the world doesn’t share this optimism. According to most charts, the gold price is likely to go down slightly, rather than move up.
The reason for this uneasy situation is not difficult to determine. When the coronavirus broke out, all malls had to close down until further notice.
It is a far bigger gain than most people had anticipated. Long-term traders and holders will be pleased with the current market momentum.
While the prices are facing some pushback, they should respond strongly once the markets calm down a bit. Precious metals are always safe havens for financial wealth..
Gold Reaching All Time Highs As Coronavirus Fears Rise Globally A seven year high for gold and naturally the main driver is that people are …
German financial institutions are packing private vaults full of depositors cash to offset the mounting price of negative interest rates from the ECB, and now …
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