25/07/2020
๐๐ผ๐น๐ฑ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฎ๐๐ฒ ๐ ๐ช๐ฎ๐ ๐ง๐ผ $๐ฎ,๐ฌ๐ฎ๐ฌ ๐๐ฒ๐ฐ๐ฎ๐๐๐ฒ ๐ง๐ต๐ฒ๐ฟ๐ฒ ๐๐ ๐ก๐ผ ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป ๐ง๐ผ ๐จ.๐ฆ - ๐ฆ๐ถ๐ป๐ผ ๐ง๐ฒ๐ป๐๐ถ๐ผ๐ป๐.
Gold price is on accelerate momentum to reach it's all time high on $1,920. And aside from looking like a very probable outcome for next week.
Rising tensions between the U.S. and China, weaker U.S. dollar, falling bond yields, additional fiscal stimulus and still climbing COVID-19 cases have all been some of the significant drivers behind gold's massive move up this week. So far, we don't see an immediate solution to stop escalating tensions between the U.S. and China, we also don't see a quick solution to the COVID-19 pandemic problem, and we also keep monitor and concern that come from increased economic stimulus and keep increased debt.
The trend remain upward and more price gains are likely. The main reason behind such bullish outlook is that gold's supportive elects are here to stay....for now.
๐๐ฒ๐๐ฒ๐น ๐๐ผ ๐ช๐ฎ๐๐ฐ๐ต :
If gold break the 1,920 next week, which is the all time high from 2011, it could set its sights on a more round number like the $๐ฎ,๐ฌ๐ฌ๐ฌ ๐ฎ๐ป ๐ผ๐๐ป๐ฐ๐ฒ.
๐ ๐ ๐๐ฑ๐๐ถ๐ฐ๐ฒ :
The Gold was high volatility investment. You need to have the ๐๐ข๐ฌ๐ค ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฅ๐๐ง prior to invest in Gold or hedges to offset losses in other short term asset trade.
๐๐ข๐ข๐ ๐๐จ๐๐ ๐๐จ๐ฌ๐ฆ !