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Gold soars as risk appetite plunges

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold’s sharp rally off December’s low of $1046 has seen its price rise more than 17 per cent in the space of a few weeks. At the time of writing today, the precious metal was trading at just shy of $1230. Gold’s sudden waking from its slumber has caught many people by surprise, myself included. Likewise, the stock market plunge has lasted a lot longer than what most people had probably envisaged when it first started to descend. Clearly, gold’s status as the ultimate safe haven asset has well

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