Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Goes On A Tear
Gold is powering ahead still, "legging up" for the fifth trading day out of six.
This impressive behaviour for the Gold market as a combination of Corona Virus fears, the continuing collapse of the Euro against the Dollar and variety of global monetary policy choices that increasingly look decidedly limited. The market is closing in on its next challenge, just above $1630.
In fx terms the market is a-buzz with the idea that the Japanese Yen might finally start its long awaited weakening against the dollar.
Its been a long time coming, but the indications are that shorting the Yen against the US Dollar will be the next potential fx pair for traders to look at.