Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
Tag - gold
Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
July 9: lighter moods
The USD loses its grip over currencies as lighter moods enter the market.
GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
July 8: Awaiting crude oil inventories
Let's consider the key levels for today!
What drives the market on July 8?
The market takes breath after the long rally. What opportunities do traders have today?
July 7: gold is moving up to $1 800
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
How to trade on July 7?
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
July 6: hopeful traders sell USD
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
What will affect markets on July 3?
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
Is it time to sell or buy gold?
Gold dropped significantly yesterday, while analysts predicted $1 800. Were they wrong?
