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Gold's impressive surge continues ahead of NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold’s 10 per cent rally since early December has certainly been impressive, but not a surprise given the on-going stock market turmoil and dollar weakness. The precious metal obviously pays no interest or dividends, and costs money to store. But then again with central bank currency war being at full throttle, yields are universally low or come with undesirably high risks. Given the current level of investor pessimism about the global economy, investors are unsurprisingly not showing much

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