Growing Weakness In Asia May Encourage Gold Bulls To Become Aggressive
Satendra Singh | May 24, 2019 06:48AM ET
On analysis of the movements of gold futures, in different time frames, I find the gold bulls look ready to bounce upward as the Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world's two largest economies, pushing investors to safe-haven assets. No doubt that the lingering trade war may enhance the fear of global economic slowdown which wil further enhance bearish pressure on global equity markets.
Watch my commentary https://youtu.be/th0ZLqVTUgs
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