Palladium is another element with great importance to the modern economy, but it’s often overshadowed by the other more famous and expensive precious metals.
Some analysts claim that the cross rate between the euro and the yen affects the price of gold (the term “cross” meaning here that the quote does not involve the U.S. dollar). Are they right? Let’s see the chart below and check it out.
The main developments in Europe which may affect the gold market – except the turmoil in the still fragile banking sector – are a run-off in France and Brexit. Let’s analyze them and their potential impact on the gold prices.
This past week we saw gold have its biggest two-day drop since February of last year ending the third longest streak of trading above its 50-day that the yellow metal has had since 2000. The first streak ended in 2002 with 124 trading days and the second in 2008 with 143 trading days. No bull market goes up in a straight line.
The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. Having dwelt a lot on […]
The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. The debt crisis that has […]
