Gold increased above 2400 USD. What happens next?
Hello traders.
Today, gold closed the weekend trading session at 2,415 USD, up 37 USD compared to the previous day's opening price of 2,378 USD. Do you wonder why gold is increasing so strongly?
After yesterday's news the combination of high inflation, massive debt issuance and rapid money printing by central banks is pushing market participants into precious metals and other commodities. Gold prices are currently holding above the $2,400 level and the precious metal appears poised to hit all-time highs in April of 2,445 - 2,498 - 2,552 (USD) respectively. Fibonacci waves.
Today, gold closed the weekend trading session at 2,415 USD, up 37 USD compared to the previous day's opening price of 2,378 USD. Do you wonder why gold is increasing so strongly?
After yesterday's news the combination of high inflation, massive debt issuance and rapid money printing by central banks is pushing market participants into precious metals and other commodities. Gold prices are currently holding above the $2,400 level and the precious metal appears poised to hit all-time highs in April of 2,445 - 2,498 - 2,552 (USD) respectively. Fibonacci waves.
Trade active
Trade active
Comment:
Comment:
Kitco News' latest weekly gold survey shows that most industry experts believe gold prices could reach or surpass all-time highs, while retail traders are more than a year shy. A little bit about the prospects of precious metals.
Comment:
Let's aim for target 2
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