FxPro Financial Services Ltd | Dec 01, 2020 07:37AM ET
Stock markets have returned to growth at the start of the new month. The pressure at the end of November was caused by the desire to grab some profit after a month of stellar growth.
Similar pressure was exerted on EUR/USD. After touching 1.2000, the world's primary currency pair fell sharply by 80 points. It is worth noting that this sell-off stopped as soon as the new day began.
The rise in the euro and NASDAQ 100 were typical gold rally satellites earlier this year. Having rebounded from the peaks of August at around $300, gold could attract renewed demand from investors as all the factors that pulled the Gold price up in previous months are again in force.
This includes ultra-soft monetary policy and inflation tolerance, to the abnormal supply of public debt, which nourishes interest in alternative instruments to preserve the value of capital.
The FxPro Analyst Team
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