Why an Upward Price Trajectory is in Play for Gold

Also global investors are presently not having the strengthening political uncertainty funny, thereby increasing their buying pressure on the safe-haven asset coupled with the falling U.S dollar specifically helping global investors get a good price bargain for precious metals for wealth preservation and hedge against inflation.

The drop in the value of the greenback is also triggering gold traders to make bold long bets, amid an expected rise in quantitative easing under a Joe Biden Presidency coupled with the bias that the U.S Federal Reserve has showed it support on keeping interest rates low for a long period of time.

Gold prices are now going upward on the bias that U.S Treasury yields, specifically those on the far end of the maturity curve, dropped.

Gold bulls are having the bandwagon wheel drive now on reports suggesting a lead for Democrat Presidential candidate Joe Biden, as recent results seen on some U.S […]

Click here to view original web page at www.fxempire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.