logo |

News

    Home   >     Original    >     Main body

    With Continuous Rally Gold May Break $1,920 Level

    Abstract:Biden maintains a lead in the latest general election polls, with a high-level risk appetite in market, resulting in a weakening US dollar and an increasing gold price.

      WikiFX News (11 Oct.) - Biden maintains a lead in the latest general election polls, with a high-level risk appetite in market, resulting in a weakening US dollar and an increasing gold price. And there has a higher possibility that gold may break through the level of $1,920 because of the constant rebound in price.

      Biden‘s lead against Trump in the latest election polls is becoming more apparent, reducing the risk of the unclear election results. So the risk appetite in market is triggered again. The increasingly high risk appetite puts more pressure on US dollar’s rebound but bolsters up gold prices.

      Technically speaking, the US dollar encounters bad trends in the future. US dollar index hovers around the 20-day moving average at 93.65 and may weaken in the near term. So gold prices keep rising with the support by US dollar. In addition, the real yields drops to -0.94%, which may not hinder the increasing gold prices.

      Till now, gold have recovered completely from the falling a few days ago. If gold can break through the level of $1,920, it would go up to $1,940.

      All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX

    分析-10.11.png

      Chart: Gold Trend

    Latest News

    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.