Saturday 10 June 2017

Gold interrupted its winning streak

Gold fell sharply on Thursday after a few days of exceptionally strong performance, bringing it close to the psychological level of $1,300 per ounce.
This happened after the decision of the ECB and in light of the elections held in the UK. The testimony of the former FBI chief before the Senate also failed to lead to the growth of the yellow metal.
The most negative factor for the gold price was the appreciation of the dollar against the rest of the major currencies, as well as the rise in the index to new record highs.
Investors apparently calmed down and returned to risk assets in a world of record low interest rates.


No comments:

Post a Comment