Gold Price Forecast – Gold Markets Break Down

Gold markets have been greatly influenced by the US dollar during the trading session on Wednesday, as the market has seen quite a bit of selling. The market has broken down towards the $1875 level by the time the Americans came on board, and quite frankly that is not a huge surprise considering all of the damage being done to global economies via the coronavirus. Furthermore, it is now reported that France is likely to lock the economy back down, perhaps even Germany will follow. That being said, the market is likely to see that the economic conditions are going to get worse before they get better, so it could continue to filter into the idea of a stronger greenback. That will continue to put negativity into the gold market. Gold Price Predictions Video 29.10.20

Having said that, the reality is that eventually central bank printing of currency will […]

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