The gold markets fell during the session on Thursday as the precious metals markets continue to selloff. There seems to be more fear and uncertainty in
The gold markets fell during the session on Thursday as the precious metals markets continue to selloff. There seems to be more fear and uncertainty in the marketplace right now, and as such traders are selling off the positions that have done the best in order to raise cash. Also, traditionally December is a fairly soft the month for precious metals as traders tend to collect their profits for the year and only to turn around and start buying again in January. With this in mind, we think that although this market looks soft, we are not willing to start selling it.
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.
