Commodity Trade Mantra

Posts Tagged ‘USD Gold Price’

Gold Price Drivers will turn Unequivocally Bullish on This

Once central banks try to arrest a decline in asset prices and a contraction in aggregate economic activity, a great many of the fundamental drivers of the gold price that look neutral or even bearish at the moment will turn unequivocally bullish. Some market participants are busy accumulating physical gold in spite of the fact that the macro-economic fundamentals are not yet bullishly aligned.

Current Situation in U.S. Dollar and Non-USD Gold Price

Taking into account the short-term action in the dollar and the True Seasonal patterns’ short-term implications for the US Dollar Index, the short-term outlook for precious metals may not be as bearish as one might view it based on the medium-term trend.

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