Recent Fed announcement to pause rate hike for 2019 has suddenly surprised market participants off guarded. The US dollar index (UUP) has immediately over reacted and dropped below its bullish uptrend line and threatened investors to go bearish. However gold price index did not dance with USD index. It was partly because gold price was … Continue reading Is it the Right Time to Focus on Gold?
Gold prices had its worst performance since April 2018. It has dropped 12.7% from April 17th 2018 to August 17th 2018. On its way down, there were several rebounds which triggered some hope to gold traders and investors alike. But they turned out to be just a temporary technical rebounds and later dipped even deeper. … Continue reading Gold Poises the Best Test for Greed and Wisdom