XAU/USD -In the U.S., the coronavirus caused a gold shortage.

mr_kosovskiy Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
In the U.S. due to the coronavirus pandemic there was a shortage of gold bullions and coins on the free market. This is reported by Deutsche Welle.
The deficit of gold appeared as a result of the collapse on the stock exchanges. Dealers sold all stocks of gold, and some of them temporarily closed. Large Swiss financial conglomerate Credit Suisse Group AG, which casts gold bars, asked buyers "not to bother with circulation.
Bankers from Wall Street appealed for help to the Royal Canadian Mint, which has already recorded an unprecedented increase in demand for gold bars.

to buy after a level retest.
to sell also after the retest.
Trade closed: target reached:
let's go to a new idea


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.