- Gold Trading | July 24, 2017
The Fed’s reluctance to carry out their multiple rate hike policy has now revealed their real outlook for the economy to us all. The USD has weakened and is now officially in a bear market, and because gold is priced in dollars, this has been supportive for gold prices. But, what is truly playing out like in the textbook is that no one is bullish. This is precisely when you want to be bullish because of this strategy.