The USD keeps weakening, while the GBP is awaiting further details concerning Brexit deal...
Tag - gold
XAU/USD reversed down from the $1,700 area and dropped to $1,586 on March 12.
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.
Why did S&P 500 fall down? Should you buy oil and gold now? And what is the market sentiment today? All answers you’ll get in this video.
Worries about tensions between the United States and China have pushed the USD up versus the EUR, the GBP, and the AUD…
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
The ECB unveiled more asset purchases than expected. EUR went up, but can reverse soon. What is the forecast?
Let’s look what’s happening with stocks, gold and EUR/USD today.
USD is still loosing positions against major currencies. There is a good chance to gain on it! Let’s have a closer look.
The market's sentiment is generally neutral and indecisive, although still positive and inclined to risk.
Market players are probably taking profit in gold to offset losses in other markets, so they are closing the previous buy positions in XAU/USD.