Good is the most secure ingesting got any invested and thus has a very critical position in the market. USD on the other hand is the most traded currency around the world. No matter what trades take place, be it oil, metals or commodities, gold plays a very vital role.
We have seen a steep jump in the gold and a steep fall on USD which clearly indicates that these are inversely proportional. Very steep changes in these two can bring many changes to the world economy and might affect many investors.
I believe gold will touch its peak levels and then return to 1950 support level gradually , not at once and not in a short time but eventually this will happen. USD will rise and from its 5 months low with all major currency pairs.
I welcome comments and your thoughts to learn more.
Thanks
We have seen a steep jump in the gold and a steep fall on USD which clearly indicates that these are inversely proportional. Very steep changes in these two can bring many changes to the world economy and might affect many investors.
I believe gold will touch its peak levels and then return to 1950 support level gradually , not at once and not in a short time but eventually this will happen. USD will rise and from its 5 months low with all major currency pairs.
I welcome comments and your thoughts to learn more.
Thanks