Gold prices are modestly higher in today's trading session due to China stock market worries. The selling pressure in the stock market and the lower US Index benefited Gold which played its role as a safe haven.
Worries about China may continue to be the center of attention which would drive more traders and investors to prefer the Gold shores as a safe haven. The yellow metal is currently trading at $1,094-$1,095/oz.
Good point! I'll keep an eye on it.
ReplyDeleteIt's probably only temporary, GOLD is likely to continue its descent.
ReplyDeleteVery helpful article.
ReplyDeleteGold lost the momentum on Monday and remained to be traded near the 5 and a half year low under 1100 per troy ounce.
ReplyDeleteGeart analysis.
ReplyDeleteThis post is very interesting!
ReplyDeleteGold is in consolidation.
ReplyDeleteLets see how the Gold will react till the end of the week, thank you for the assessment.
ReplyDelete