Tag: Gold market

The gold price has again established itself above the USD 1,500 mark. The new reporting week will give further indications on the economic development in the big economies.

The record ride in US equity markets has led to a slight slowdown in interest in gold. The yellow precious metal is currently trading below 1,500 dollars again.

In addition to the well-known investors from Russia and China, many other central banks have recently bought gold of considerable size. These include Turkey, Australia and Qatar.

Even though the price of gold recently dropped below the 1,500 US dollar threshold again and again, the precious metal was immediately in demand again when the existing economic …

Despite the already relatively high net positions in trading US gold futures, the gold price is still programmed to rise. New traders are still adding on rising prices.