Trading news

Can Gold Close Above the 200-Period SMA?

Gold traded sharply lower since March 9th as the crisis of the coronavirus intensified, but is regaining its shine on Monday. Normally a safe haven asset that benefits from periods of instability, gold has fallen as investors hoarded cash and liquidated positions to meet margin calls as equity markets crumbled. Looking back to the financial crisis of 2008, gold prices also fell initially before entering a multi-year uptrend.

Scandinavian Capital Markets Review

Monday, 23 Mar, 2020 / 2:01

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Source : https://scandinavianmarkets.com/trading-news/can-gold-close-above-the-200-period-sma/

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