Gold outlook for 2019
Investors interested for the yellow metal is growing. Will gold price recover in 2019/2020?
News Latest News from the Forex World
The sterling weakened on currency markets after Mark Carney's speech.
Bank of England Governor said on Tuesday morning in front of the London banking community and finance minister Hammond, that “is not yet the time to raise interest rates”, confirming he want to maintain them at a record low of 0.25%.
Silver and Gold are running again
Waiting for the Fed...
Gold is strengthening despite the recovery of the US Dollar
The yellow metal reached a new 3-month high at $1,240
Analysis Analysis of the major Forex markets
Another good start of the year for gold
As already it happened in 2015 and in 2016, the yellow metal shows some bullish seasonality in the first weeks of the year.
A two-face year for the yellow metal
Gold price reached in the summer a 28-month high above $1,370, before surprising investors with a strong bearish rally which pushed prices below $1,200.
The Dax is overtaking November 2015 high
We said couple of weeks ago “The DAX is waiting for a direction”. The direction arrived in the first few days of December, with a strong positive impulse
The Cable falls below 1.24
The big excape from Gold
Gold is still suffering after the Federal Reserve increased the officials interest rates last Wednesday and reached a new 10-month-low at $1,122.
Silver is trying to rebound
The strength of the US dollar punished the gold in the last few weeks, The silver price reaction was different, holding better than the yellow metal.
Glossary
JPY
It is the currency code for Japanese Yen. The symbol of the nipponic currency is ¥.
AUD
It is the currency code for the Australian Dollar
MXN
It is the currency code for Mexico Peso