After armed action to the Russian Ambassador in Ankara and violences in Germany and Switzerland, the gold market has started to show its "safe harbor" speciality in the last two days. The Gold prices are trading over 1,136 USD level with the beginning of 20th December. Gold's 14-day RSI indicator fell below the eight-day level of 30 as of Monday. This means that for some traders the decline is very sharp and prices are set to rise. The increasing geopolitical in many different countries, the global market are pricing the latest developments. While some local currencies are losing value, the gold market is continuing its process over the 1.136 USD level with a strong position nowadays.
- Date: 20 December 2016 Tue 08:03
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