Gold(safe-haven asset) goes up as trade war surges

Gold has been treated as a worthy commodity for millennia and the gold price is broadly followed in trading markets all over the world. Most typically quoted in US Dollars (XAU/USD), gold price tends to
rise as bonds and stocks decline.

US gold futures increased 0.6 % to $1,519 whereas the dollar indicator led towards a weekly decline.

Gold rates leaped in futures trade as the trade clash between Sino-US escalated.  The precious metal retains its worth effectively, making it a reliable safe-haven. World economic brake fear made traders move towards the safe-haven asset. Globally, the continuing buy and sell dilemmas battered the gold rates that experienced the most beneficial week in over the last 3 years of trade.

The best way to trade gold using Proficient Assessment

Technical traders would see how the market status of the gold price chart has evolved in the past few years. Gold rates were in a sizeable trend from 2005 to 2015. Since  2015, gold prices have been swapping a precise range, changing hands between $1,000 and $1,400. In case the market is trending, use a momentum strategy. If the gold chart is range-bound, then try using a low volatility or range strategy. This is one of the technique in the gold trading strategy.

What are the Circumstance Gold May Fall Down ?

What are the Chances Gold may fall down ?

* What about “GOLD WAR ?”  If Gold War came into existence then Gold will be demolished like anything. When Trade War, Crude oil war exists then why not GOLD War ?

* Any alternative resource/products other than Gold, then no more demand in real market

* Gold is one of the most widely discussed metals due to its prominent role in both the investment and consumer world.When reserve bank purchases gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, and thereby create an excess supply of the fiat currency. (This metal’s r Many people mistakenly use gold as a definitive proxy for valuing a country’s currency. Although there is undoubtedly a relationship between gold prices and the value of a fiat currency, it is not always an inverse relationship as many people assume. Thus if central banks decides to come up with any other option then GOLD might been in trouble

* Remember about 2007-2008 Crisis ? The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930’s. There were many banks went to bankruptcy. Top banks like Lehman Brothers filed for bankruptcy on September 15, 2008. Merrill Lynch, AIG, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo Real Estate, and Alliance & Leicester were all expected to follow—with a US federal bailout announced the following day beginning with $85 billion to AIG. In spite of trillions paid out by the US federal government, it became much more difficult to borrow money. The resulting decrease in buyers caused housing prices to plummet.

* Thus Nothing is constant in world, anything might happen anytime. There are less chances in above factor, Gold hasn’t faced any of the bubble factor yet, just summarizing how come Gold Market can affect. 2018-2019 Forex Currency Markets are unstable because of Brexit (EUR-GBP) , Trade War (USD vs China makes other major currency volatility) , Australian Markets-2019 became the first time faced crisis and recent Japanese Currency over bought makes the investors to safe heaven for GOLD.