Gold fell to its lowest since end-December on Thursday as indications that the global economy might not be as pain-stricken as previously feared prompted investors to take risks ahead of a slew of economic data.
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When is the Trend not Your Friend?
The US dollar remained firm last week. The strongest of the majors was the Norwegian krone, and it rose less than 0.2% against the greenback. The volatility is continuing to compress.
Commodities Weekly Technical Research Report 08 — 12 April 2019
Commodities Weekly Research Report
Gold Demand Supported as Central Banks Sour on Dollar Denominated Debt
Foreign governments have begun reallocating at least part of their holdings to gold an old market stalwart that once underpinned the global monetary system, but fell out of favor when governments embraced deficit spending and paper money untethered from bullion.
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