AdelMohamed
Long

TIME FOR GOLD

FX:XAUUSD   Gold/U.S. Dollar
72 0 3
Brexit, economic and political situations at UK are raising many questions that no one has prepared an answer for. Therefore uncertainty is leading the scene.

EU parliament leader: we want Britain out as soon as possible.
Merkel to UK: Take your time – but don’t call us.
Angela Merkel: no special favours for UK over single market.
Japanese Prime Minister Shinzo Abe             urged the British and German leaders to work together to restore confidence in global financial markets and to reassure markets.

This signals a tiff negotiation to take place in the coming future between UK and EU members and Federal Bank will have to hold rate hike till things get clear which, helping GOLD             to continue strengthen during such uncertain period to come.
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