Extrait:The first month of 2020 had been a good start for gold. Escalating tensions between US and Iran, growing possibility for the Fed’s rate cut due to the country’s economic growth at a 3 year’s low, economic outlook dampened by public health emergency and bullish sentiment on the demand for physical gold, all these factors have fueled into gold’s surge.
The first month of 2020 had been a good start for gold. Escalating tensions between US and Iran, growing possibility for the Fed‘s rate cut due to the country’s economic growth at a 3 year‘s low, economic outlook dampened by public health emergency and bullish sentiment on the demand for physical gold, all these factors have fueled into gold’s surge.
Gold will maintain its uprising momentum this week as investors remain concerned about global economys outlook, which made them turn to gold, a traditional safe-haven asset that has gain even greater appeal, and shun high-risk assets including stocks. This week, Dow Jones Index fell by 2.5%, STP 500 dropped 2.1% and Nasdaq was down 1.8%, with Dow Jones and STP 500 witnessing the worst weekly performance since the beginning of last August.
Gold has been surging since last December, which has largely been due to major monetary stimulus of central banks around the world. As uncertainties in global economy still exist, central banks may eventually announce further rate cuts in 2020, which will further benefit gold‘s market trend. Gold has shown strong resilience when facing Asia’s public health emergency, while commodity currencies are the most vulnerable. Currencies such as AUD, NZD and NOK have particularly high risk exposure.
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SECURETRADE
XM
IPCAPITAL
ATFX
FXTM
FXOpulence
SECURETRADE
XM
IPCAPITAL
ATFX
FXTM
FXOpulence