Tag - gold

2020: the new forecasts
2020: the new forecasts

The coronavirus has changed everything. When analysts gave forecasts for 2020 at the end of last year, no one could foresee that the whole world would be seized by the pandemic.

May 18: WTI oil is above $30
May 18: WTI oil is above $30

The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.

May 12: cautious market
May 12: cautious market

Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.

May 7: risk off
May 7: risk off

The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.

Gold: calm before the storm?
Gold: calm before the storm?

On one hand, the gold intraday range is broad, on the other hand, its week range is narrow. What’s the reason?

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