Discusión Gold and Silver Trader

Globtroter posted:
The precious metal ended the trading week stronger, but the main goal is still right on the course. The more governments stimulate their economies, the more expensive gold will become.

Analysts of the precious metals market believe that the current measures of incentives in the framework of confusion, combine impressive prerequisites for increasing purchases of gold. In addition, in the current conditions, gold is considered as a protective, not a risky option for saving money. And demand increases regardless of the stock market.

Gold futures are approaching their maximum extremes of 7 years ago.
Unparalleled in history, the steps taken by the authorities to preserve the financial system, turn capital into flight to safe assets such as gold.
The Japanese national Bank, the ECB and the Federal Reserve, at their next upcoming meetings, may still agree on the next financial injection into their economies.
The house of representatives in the United States has approved another plan to provide monetary support in the fight against the pandemic. For now, this bill is awaiting President trump's approval.

Gold will be in demand as long as financial incentives are widely applied to economies.
When the panic around the disease subsides, gold will be in a strong overbought zone, which will cause a strong pullback. Therefore, the assault on seven-year highs may be slightly pushed back to a later date.

The gold metal received another portion of positive news for itself, in the form of statistics on unemployment in the States. The report's figures indicate that the peak of the jump in unemployment has not yet passed. And the number of citizens requesting benefits in these 5 weeks exceeds 26 million.

The price of oil in the past trading week, for the first time in history, crossed the zero line, which further increased fears and fears for the world economy, thereby creating prerequisites for the strengthening of the precious metal.