Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 11 - 06:55 AM

Gold - Currently Gold Isn't That Safe But Could Rise Further

By Jeremy Boulton  —  Sep 11 - 04:55 AM
  • The surge for gold has drawn many buyers

  • While gold investments don't look overcrowded they are large

  • Assets many hold are not so safe and gold isn't overly liquid

  • Compared to major currencies gold lacks depth and some majors move a lot

  • USD/JPY slumped 161.96-141.68 between Jul-Aug when many were short yen

  • Pause in gold's rally allows for further gains - next big target is $2554

  • Peaks 20-day/month Bollingers around $2536, 20-week peak $2550

  • Investors may return to a safer dollar nL1N3KT0AW

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!