Gold after hitting a three-month high of $1,242.8 on Tuesday, New investors focused on Gold Peaks.
Key Reasons Investors Seeking Gold are preferred investment.
- The major currencies EUR, GBP and JPY don’t have stability in the market so investors choosing gold as a preferred instrument to invest.
- There are other currencies investors might have focused however the ongoing tension between “USD” and Chinese “Yuan” (Trade war) Investors wise-choice to choose Gold Market.
- WTI prices pressured by rising U.S. crude inventories because of U.S. sanctions against Iran and China’s few banks to stop Iran payments. Saudi Arabia may boost its oil output by between 1 and 2 million barrels a day in the future, Al-Falih ( Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco) said at a conference in Riyadh.
- Technical Experts says GOLD (Instrument name: XAU) fallen since 2011 from the price 1920.85 to 1047.15 (Year Dec 2015). There might be 20 to 25% fallback may touch 1250 to 1325 ranges.