Gold markets got a little bit of a boost during the course of the week as we continue to see a lot of back and forth action. Ultimately, we do believe the
Gold markets got a little bit of a boost during the course of the week as we continue to see a lot of back and forth action. Ultimately, we do believe the gold goes higher and therefore a lot of times traders are simply waiting for short-term pullbacks to pick up a little bit of “value” in this commodity market. Ultimately, there is so much in the way of trouble out there that a it’s hard to believe that gold will struggle over the longer-term, and therefore we are longer-term buyers. In fact, buying physical gold for a longer-term “buy-and-hold” type of situation isn’t exactly the worst idea.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
