Connect with us

Precious Metals

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

Daily market commentary: The US dollar recovered some of the ground recently lost to the euro

Share this article:

Published

on

This article was originally published by LeapRate

GOLD

The US dollar is recovering and consequently gold is losing ground. Bullion’s decline is proportional to the recovery of the greenback, confirming that the current movement is mostly related to what is happening on the currency markets. In other words, the main trend for gold remains positive and a clear surpass of $1,990 and then $2,005 would open space for further rallies. Despite stocks looking strong currently, with US indices at a new historical high, investors are increasing their gold investment as a strategic and defensive asset in case there are new market corrections. Moreover, the strong dovish monetary policy of central banks is another element which is supporting the gold price rally.

Carlo Alberto De Casa – Chief analyst, ActivTrades

The post Daily market commentary: The US dollar recovered some of the ground recently lost to the euro appeared first on LeapRate.

Share this article:

Precious Metals

Bitcoin, Bonds, Big-Tech, & Bullion Breakdown As Banks & Black Gold Bounce

Bitcoin, Bonds, Big-Tech, & Bullion Breakdown As Banks & Black Gold Bounce

So no new banks exploded or were bailed out over the weekend,…

Share this article:

Continue Reading
Uncategorized

7 Silver Stocks to Buy Amid the Banking Sector Fallout

Although everyone loves talking about gold as a hedge against inflation and market fears in general, the runner-up category of silver stocks to buy deserves…

Share this article:

Continue Reading
Economics

Everyone Is Just Pretending Nothing’s Wrong

Everyone Is Just Pretending Nothing’s Wrong

Submitted by QTR’s Fringe Finance

“It is a shit storm out here. You have no idea the kind…

Share this article:

Continue Reading

Trending