Gold prices were falling and falling for the last many weeks. Analysts were predicting gold prices hitting $1000 mark by the end of this years. But then came the ECB Press Conference yesterday that announced negative interest rates for the bank deposits. First reaction by the gold traders to sell as Mario Draghi, ECB President… Continue reading Gold Prices On The Rise After ECB Sets Negative Interest Rates For Bank Deposits
Category: Commodities
Gold Takes an “Unexpected” Turn
Gold Takes an “Unexpected” Turn You should beware when investor sentiment becomes extreme By Elliott Wave International Financial markets often turn just when the majority least expect it. Such was the case when gold hit its all-time high in September 2011, and, at its most recent low in December 2013. Now that the precious metal… Continue reading Gold Takes an “Unexpected” Turn