We are seeing lower volatility again on gold, with the bullion price steady just above the support level of $1,550. The recovery to this threshold is positive for gold, as it’s showing a healthy appetite for bullion, despite the general risk-on scenario which has followed the signing of the Phase One deal between US and China. On a broader perspective, investors are waiting for any further easing comments from central banks (starting with the Bank of England) which could be supportive for the yellow metal.
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.