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Negative rates & uncertainty favoured gold

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, weekly Uncertainty has pushed funds into safe haven assets into Gold after the BoJ has adopted negative interest rates. Now that negative interest rates seem to be adopted by a wider group of central banks the old complaint about gold being a non-yielding asset class has lost some of its power. A trend in the world of central banking to penalize cash positions by making it costly to save cash has driven money into gold. It has suddenly become a better alternative. It’s still not yielding

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