For those investors and traders who claim that gold pricing should be higher than current pricing, resumption of optimism has emerged when market moods are changing to far more upward behavior. This resumed stable bullish market is based on the notion that the current US-China negotiations are progressing and moving closer to a resolution.
This newly discovered optimism has led to exceptionally strong price developments in the precious metal complex. as well as the US shares. Today gold futures are experiencing a dynamic and stable rally, with the most active contract for April Comex currently being fixed at 1344.30 dollars. This is a direct result of today's increase of over $ 22, a gain of 1
The increase in gold is respectively because they are weaker than today's upward movement in palladium, which is the biggest price increase in both dollars and in percent earnings from any other precious metal. Palladium has the highest record for all time, and today's $ 47 profit is currently at $ 1454.40.
Although the 90-day customs arrest between these two superpowers is fast approaching to date, which tariffs will increase from 10% to 25%, the recent statements of this administration have reminded a much more flexible timeline. many different fronts ". He continued to quote that "our country has such fantastic potential for future growth and grandeur at an even higher level!"
Add to the current optimism regarding the trade negotiations the dilemma that is currently in Europe Union with respect to Brexit. The British Parliament will again be forced to make a decision for about five weeks. Peter Hugh, global commercial director of Kitco's metals, said the Brexit problems "have the potential to spoil the whole continent, and dealers in the lake see increased physical demand for gold." the Federal Reserve's FOMC meeting, which will be published on Wednesday.
Although the geopolitical problems that prompted this significant rally in the precious metal markets could move aside at any given moment, while this event, market participants have renewed optimism and have stated that by bidding for gold and palladium significantly higher and adding fuel to the current rally in US shares.
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