GOLD - Precious metals are expected to continue to decline
World gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week.
The USD on the world market spread and increased sharply in the international payment basket. The Dollar-Index - measuring the strength of the USD in a basket of 6 host currencies increased by 0.24% compared to the previous session, up 106,300 points
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Meanwhile, James Stanley, senior market strategist at Forex.com, said gold will likely maintain its recent range this week. Stanley doesn't think another recession will produce a bottom, although it could happen
The USD on the world market spread and increased sharply in the international payment basket. The Dollar-Index - measuring the strength of the USD in a basket of 6 host currencies increased by 0.24% compared to the previous session, up 106,300 points
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Meanwhile, James Stanley, senior market strategist at Forex.com, said gold will likely maintain its recent range this week. Stanley doesn't think another recession will produce a bottom, although it could happen
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