safe haven asset

Since the beginning of February, the spot price of gold has been moving higher. Generally, when the expectation is for interest rates to go up, the price of gold drifts down. But, the concern over a potential invasion of Ukraine by…
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Some investors are puzzled as to why the price of gold hasn't been increasing lately. In fact, it peaked last year, and since then it has been largely trading lower. On the other hand, inflation went up during that period and continues…
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EURUSD weakens as ECB remains dovish The US dollar continues to rally on growing policy divergence between the ECB and the Fed. As Europe faces a new spike in covid cases, ECB President Christine Lagarde insisted that tightening now…
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The current XAUUSD formation suggests that the market has completed the construction of a cycle intervening wave x. It took the form of a primary double zigzag. This is marked with three green sub-waves Ⓦ-Ⓧ-Ⓨ. In the upcoming trading…
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