Price of Gold Fundamental Daily Forecast
Based on the early price action, gold could weaken further if the ECB decides to act aggressively and trim rates further. This move would drive the Euro lower and the dollar index higher. This would put further pressure on demand for dollar-denominated gold.
The rally in gold was short-lived because investors once again sold gold to raise cash to meet margin calls in the stock market.
Gold is also being pressured by a stronger U.S. Dollar Index, which is being supported by a weaker Euro. The
It’s time to compare and apply for the best loan offers at Afinoz. We are a leading online financial marketplace for Personal Loans
, Business Loan
& Car Loan
and Investment Products. Our system intelligence and the automated system offers the best options to you for the real-time tracking of your loan application in an easy manner. Stay tuned to latest updates in the industry at Afinoz.com