The market sentiment deteriorated amid fresh US-China tensions. Also, investors remain cautious as increasing virus cases may damage economic activity again. Stocks and risky currencies dropped, as well as gold. These days the yellow metal tends to move together with risk assets.
Tag - gold
Stock indexes and gold are setting new highs, the USD is going through challenging times and the CAD and the EUR await decisions of their central banks. Watch the video to prepare for this week's trading!
Risk-on is back on the market. EUR, GBP and stocks are in favor. Gold is rising too as investors try to hedge their risk investments.
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
The USD loses its grip over currencies as lighter moods enter the market.
Let's consider the key levels for today!
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.
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
It’s simply the question of time before gold price gets to the higher levels…
Gold dropped significantly yesterday, while analysts predicted $1 800. Were they wrong?
The market sentiment improved after the positive vaccine experiment. Stocks gained and EUR/USD surged, as well. Traders await the NFP report.
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!