Dear Ziilllaatraders,
We can see how the situation is playing out for gold. Latest inflation numbers showed an increase in inflation for the second month on row. This increase was the biggest in last 12 months. We think that this increase is due to the rise in oil prices. Oil prices aren't going down soon, data suggest that prices are going to increase. If the FED does not take action soon by increasing interest rates, we could see a fear rising about prices. Due to this fear people tend to have a risk off sentiment, which makes people flock to gold (
XAUUSD
). Always use proper risk management.
What do you think? Feel free to ask any questions or remarks.
Greetings,
Ziilllaatrades
We can see how the situation is playing out for gold. Latest inflation numbers showed an increase in inflation for the second month on row. This increase was the biggest in last 12 months. We think that this increase is due to the rise in oil prices. Oil prices aren't going down soon, data suggest that prices are going to increase. If the FED does not take action soon by increasing interest rates, we could see a fear rising about prices. Due to this fear people tend to have a risk off sentiment, which makes people flock to gold (
XAUUSD
). Always use proper risk management. What do you think? Feel free to ask any questions or remarks.
Greetings,
Ziilllaatrades
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