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:
-
Consumer Price Index of the USA announced yesterday
-
Global forex market is pricing the latest developments of American side
-
Cocoa prices are losing value constantly
-
USD/TL is contiuning its trend over the 3.52 level
-
Industrial production declined in Japan
-
The expectations about interest increase is getting stronger
-
Fed officials continue giving interest increase signals
-
Oil is maintaning its steadiness on world economies
-
The growth data of the USA came over the expectations
-
BoJ announced domestic producer prices in Japan
- 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....