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
Comment Send
Similar Threads:
-
The Presidential Elections Completed in France
-
American stock market lost momentum after tax reform
-
Asian markets are losing a serious amount of value against USD
-
Global markets are pricing less risky atmosphere
-
Oil is trying 50 USD level with OPEC’s alternative solutions about Iraq Problem
-
Oil market is giving different signals
-
American bonds are feeling sales pressure
-
The Crude Oil Futures are on the Decline Side with the latest developments
-
Oil prices are losing its profit before Noel Holiday
-
Fed is protecting its monetary policy
- Popular
- Last Added
-
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro... -
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey... -
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased... -
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets... -
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....