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High Volatility with Coronavirus situation Situation of Gold XAUUSD market Halt of Gold Market Pricing The Fed's Moves Impact Global Markets Recent global market developments have seen several exchanges both in the EU and US, pla...
Gold futures traded lower on Monday, dropping approximately 5 USD, marking its lowest finish in a week.
Gold might return to lower levels. What to expect now?
Gold had a very bumpy ride during its previous sessions most importantly reacting to USD driven fundamentals which could continue in the following days.
Gold has repeatedly failed to live up to its title as a safe-haven asset for investors despite ongoing global trade tensions and chaos across emerging markets weakening risk sentiment.
The only factor that could drop Gold prices is information from the FED on further future rate hikes.
Trade wars could favour any side and interest rate hikes are widely expected.
Gold remains strongly undervalued, and is living in the shadows of a looming interest rate hike by the FED.
The world remains attached to uncertainties over the potential for more tariffs between the United States and China as part of their trade war.