Probably such type of news is promoted near Akshaya Tritiya or during
that times to lure people to buy gold. So do not get carried away with such a report.
We will undertake a scientific analysis before ruling out any piece of information. This week’s gold saw a wave of gains. Some people think that novel coronavirus may be a possible influence on the market. People’s risk aversion will push the gold price. The deeper reason is that banks around the world are implementing monetary easing policies; the primary driving force of the gold market is the central banks. It is the key to sustaining gold prices over the long term.
It is worth mentioning here that the correction in the stock market due to changes in market economy expectations might be a factor driving the gold price breakthrough.
As of now, we are seeing divergent behaviour as there is a negative correlation between the U.S. dollar and gold, but the current rise of the U.S. dollar does not affect the gold price, which means that the current risk aversion supports the performance of gold.
So, we cannot in totality rule out the news but it all depends on how much fear factor is caused by Coronavirus in the world. Higher the risk, higher will be the price of gold in the world market.
So, you must have some portion of your portfolio in gold definitely and you can generate extra cash for gold by using trading tips today as it is the easiest way to make money in flat 2 hours and we teach you also as a complementary gesture.
We will undertake a scientific analysis before ruling out any piece of information. This week’s gold saw a wave of gains. Some people think that novel coronavirus may be a possible influence on the market. People’s risk aversion will push the gold price. The deeper reason is that banks around the world are implementing monetary easing policies; the primary driving force of the gold market is the central banks. It is the key to sustaining gold prices over the long term.
It is worth mentioning here that the correction in the stock market due to changes in market economy expectations might be a factor driving the gold price breakthrough.
As of now, we are seeing divergent behaviour as there is a negative correlation between the U.S. dollar and gold, but the current rise of the U.S. dollar does not affect the gold price, which means that the current risk aversion supports the performance of gold.
So, we cannot in totality rule out the news but it all depends on how much fear factor is caused by Coronavirus in the world. Higher the risk, higher will be the price of gold in the world market.
So, you must have some portion of your portfolio in gold definitely and you can generate extra cash for gold by using trading tips today as it is the easiest way to make money in flat 2 hours and we teach you also as a complementary gesture.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
