The market is still rallying on Trump’s recent announcements on tax cuts, trade and domestic policies. Post US election Gold was hovering around highs of 1335, then the trend reversed dramatically and now we are seeing Gold trading at levels of 1187 wiping over 11% of its market value.
While the market is still pro Trump market economists are still expecting Gold to remain sluggish. Markets are almost 100% certain that The (FED) will finally raise rates next month. Gold is very delicate to future rising rates as the metal doesn’t pay interest which reduces its demand. Overall the markets have been hitting new milestones and market confidence is sky high right now. Can we see a correction soon ? PAY ATTENTION IN THE LEVELS SHOWN WITH THE BLUE ZONE MORE SAFER THAN THE RED ZONE