Gold has started the week in green once again with the spot price holding resolutely above $1,800. This confirms investors’ huge interest for the yellow metal, while volatility remains low.
The price is less than $10 from the 9-year-peak reached last week at $1,818. A clear breakout above this level could open space for further rallies, while at this stage there are no correction signals as investors continue to buy gold to cover their portfolio against the risk of new falls on stock markets.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.