mmdandytra

Investors Are Ditching Gold and Hoarding Cash

INDEX:DXY   US DOLLAR CURRENCY INDEX
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If Gold , that has risen since 2018, is falling since the beginning of 2020, I think Investors are selling it.

On the side, the USD Index and USDJPY are seen as another Safe Heaven a.k.a Cash and those assets are rising in March 2020 after Corona Virus spread across the world.

I think Investors are really scared and they want to hold Cash and avoid Market Risk (not even gold as one of Safe Heaven Asset).

Trade closed manually: Investors are buying Gold while ditching Cash.

I believe Investors are now taking a more appropriate risk that previous months.

While still cautious of the market (since Pandemic is not over), Investors now buy Gold as protection against Recession to come.

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