La légende dans l'équipe InstaSpot!
La vraie légende! Vous pensez que c'est trop pathétique? Mais comment pouvez-vous appeler un homme qui, à 18 ans, est devenu le premier champion du monde d'échecs parmi les jeunes hommes d'Asie, et à dix-neuf ans – le premier grand maître de l'histoire de son pays? Ce fut le début de la voie du champion d'échecs –Viswanathan Anand – l'homme qui a inscrit son nom à jamais dans l'histoire des échecs du monde. Une autre légende dans l'équipe d'InstaSpot!
Le FC Borussia est l'un des clubs de football les plus titrés d'Allemagne, qui a prouvé à maintes reprises à ses fans que l'esprit de rivalité et de leadership mènera certainement au succès. Négociez de la même manière que les professionnels du sport mènent le jeu: en toute confiance et activement. Devenez un leader avec le FC Borussia et soyez en tête avec l'équipe InstaSpot!
Gold was unable to make headway on Friday with support sapped by a net improvement in risk appetite and a firm dollar tone. Net losses continued on Monday with spot gold dipping to test the $1,500 per ounce support level.
There is a strong likelihood that the Federal Reserve and ECB will ease monetary policy in September. The ECB is likely to announce a substantial package of interest rate cuts and government bond purchases while the Federal Reserve is likely to announce a further 0.25% rate cut.
Interest rate cuts will have a mixed impact on gold as the potential beneficial impact of lower short-term yields would be offset by a decline in demand for safe haven gold amid hopes for an improvement in risk conditions.
The net impact on global yield curves will deserve attention as a steeper yield curve would be an important indicator of waning fears about the global outlook and gold would be likely to lose favor with investors.
If yield-curve inversion intensifies, however, there will be renewed defensive gold demand.
Central bankers and policymakers will be anxious to provide reassurance and the most likely outcome is an easing of net fears, at least in the short term.
As usual, President Donald Trump remains a crucial wild card. There is a significant risk that he will see the global downturn as increasing Chinese and EU vulnerability. There is also a risk that Trump will look to intensify trade wars in an attempt to force concessions. In this situation there would be a fresh surge in demand for defensive assets including gold.
CFTC data recorded a small decline in non-commercial gold positions, but the total remains close to 35-month highs, maintaining the risk of sharp long liquidation if there is a net improvement in global risk appetite. Longer-term gold fundamentals remain attractive and there is still a strong case for buying on dips.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
