(Posted Singapore time 730pm)Do you really know? If you like to share, we love to hear your opinions. Otherwise, hear ours?
Financial markets (currencies, commodities, equities and bonds) have been very boring, moving in one certain ‘down’ direction. With the exception of the US dollar and the US Treasuries, the rest are trending southwards.
What about Gold? Gold is regarded as a safe haven in times of uncertainty. Of current, it trends along the same direction with the US dollar. However, when it reached a certain ‘boiling point’ the monetary characteristics change – it moves inversely to the US dollar. The last time the Gold characteristics change was when the USDX reached 79 thereabouts. The USDX today pierced through 80 this morning!There's a possibility Gold will head towards US$ 1625 in the next day or two if US$ 1680 is not breached!Updated 1107 pm. Gold price nose dived ...
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