Hello!
Share your views on the Gold in upcoming days and weeks. I am sharing my ideas.
First time in many years Forex market disapprove the JPY as safe heaven. We saw JPY falling despite russian-Ukraine conflict.
I think fundamentals are changing rapidly.
High Inflation is a reality worldwide and inflation is the key driver of gold.
But there is series of interest rate hikes by the Economies across the world to keep the inflation down. If one economy hike interest, especially major economies like US and GBP, other economies tends to follow it to tackle the investment flee.
How this will effect gold.. Well investors move investment to interest bearing instruments which is more rewarding now unlike Gold which bears no interest.
On other hand the russian-Ukraine conflict is seems to be easing as Russia cant afford further sanctions and world opposition. Also to some extent russia has achieved its Goals. Conflict may end in truce and settlement/talks any time soon.
With these factors we may see Gold bearish and not crossing 1962. In fact we may see historical lows. This is my analysis share your ideas as well.
Share your views on the Gold in upcoming days and weeks. I am sharing my ideas.
First time in many years Forex market disapprove the JPY as safe heaven. We saw JPY falling despite russian-Ukraine conflict.
I think fundamentals are changing rapidly.
High Inflation is a reality worldwide and inflation is the key driver of gold.
But there is series of interest rate hikes by the Economies across the world to keep the inflation down. If one economy hike interest, especially major economies like US and GBP, other economies tends to follow it to tackle the investment flee.
How this will effect gold.. Well investors move investment to interest bearing instruments which is more rewarding now unlike Gold which bears no interest.
On other hand the russian-Ukraine conflict is seems to be easing as Russia cant afford further sanctions and world opposition. Also to some extent russia has achieved its Goals. Conflict may end in truce and settlement/talks any time soon.
With these factors we may see Gold bearish and not crossing 1962. In fact we may see historical lows. This is my analysis share your ideas as well.