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Gold rises as global equities retreat

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold is rising with continued turmoil in global equities. Investors are increasing their holding in bullion backed gold exchange traded funds. Will gold continue rising? Gold price has gained 16% since the start of 2016 as falling commodity prices intensified concerns about slowing global growth. Global equity markets fell due to resulting lower appetite for risk and gold prices started rising with heightened demand for haven assets. As major developed economies of euro-zone and Japan were

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