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24.04.2020 Gold Daily Analysis

Gold is currently trading at $1,752.35 (+0.40%). Gold has been bullish due to investors viewing gold as a way to store value when everything

24.04.2020 Gold Daily Analysis
Yazar: Zack Smith

Yayınlanma: 24 Nisan 2020 22:43

Güncellenme: 14 Kasım 2024 07:47

24.04.2020 Gold Daily Analysis

Gold is currently trading at $1,752.35 (+0.40%). Gold has been bullish due to investors viewing gold as a way to store value when everything else is losing value. The US has reported about 26 million jobless claims in the past 5 weeks. In these 5 weeks, the employment gain since the 2008 financial crisis has been wiped out and this has made investors seek safe havens.  Ed Moya, an analyst at New York-based OANDA said,  “Gold’s climb towards $1,800 continues. The stimulus trade is not going away anytime soon and that should mean record highs for gold (in dollar terms) by the summer.”
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