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29.04.2020 Gold Daily Analysis

Gold is trading at $1,717.90 as gold has been going down due to many countries announcing that they are easing lockdown restrictions.

29.04.2020 Gold Daily Analysis
Yazar: Zack Smith

Yayınlanma: 30 Nisan 2020 14:43

Güncellenme: 14 Kasım 2024 05:37

29.04.2020 Gold Daily Analysis

Gold is trading at $1,717.90 as gold has been going down due to many countries announcing that they are easing lockdown restrictions. Analysts expected gold to reach $1,800 with all the economic turmoil due to the coronavirus pandemic. The highest price of gold during the pandemic was $1,769.50. When the global economy re-opens, investors will no longer be buying into safe havens like gold, but they will be buying into the recovering stock market and other recovering assets. Gold investors are awaiting the US Fed meeting later today, which will give a better idea of what direction the USD is going, investors are waiting to see if they will leave interest rates near zero.
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