
Increased risk appetite weakens the U.S. Dollar, boosts stocks
The economic figures published yesterday in the U.S. are another factor [...]
The price of gold is likely to fall in the medium term
The price of gold is consolidating near the important level of 1244 dollars per troy ounce after the recent correction. The main reason for the growth in demand for gold from the beginning of the year was the increased interest in defensive assets due to concerns about the growth of the Chinese economy, a decrease on the stock markets and falling oil prices. All these factors have had a short-term impact. Despite this, investors maintain interest in gold as a defensive asset. In case of saving of the current situation on the commodity and stock markets, the price of gold will decline, to which will also contribute the expectations of Fed interest rates hike this year by 0.50%. Our medium-term outlook remains negative and we look forward to reduction of price in the medium term to a level of 1100 dollars per troy ounce.
Monday, 21 Mar, 2016 / 2:18
Increased risk appetite weakens the U.S. Dollar, boosts stocks
The economic figures published yesterday in the U.S. are another factor [...]
Yields plunge, defy logic, after blowout data, but dollar steadies
US economy firing on all cylinders as data keeps getting [...]
ING believes EUR/USD will break 1.20, and you?
What is moving the markets these days? What are the main drivers of currency [...]