As predicted, USD is becoming stronger. However, gold priced in USD is falling in a bigger percentage and it is losing territory even against the euro (right now 1038 EUR per ounce).
Reasons? Probably the need of some nations (Turkey for instance) to buy dollars to stop their currency bleeding and one of the few assets investors want to purchase is gold. We expect this movement to be a summer storm, but we will see.
On our twitter account, @SimplyNoRisk, we have posted a composition of 4 interesting tweets about the gold trend right now.
Reasons? Probably the need of some nations (Turkey for instance) to buy dollars to stop their currency bleeding and one of the few assets investors want to purchase is gold. We expect this movement to be a summer storm, but we will see.
On our twitter account, @SimplyNoRisk, we have posted a composition of 4 interesting tweets about the gold trend right now.
