As investors’ confidence in further cuts by the Fed grows, gold continues its rally and is getting closer to $1,500. After the new escalation of the trade war, investors are betting even more on bullion and are loading up on the precious metal.
The move above the $1,450 level has made space for further rallies and the price hit a fresh 6-year top, while the threshold of $1,500 is no longer a mirage.
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.