Gold declined from a seven month high after the euro and risky assets and the economic stimulus announced by the FED. The FED open ended program of quantitative easing in a view to urge economic growth plan and the bond buying by the European Central Bank raised global inflation.
Meanwhile, # USDX remains stable at the lowest point during the last six months. However, demand from India is expected to pick up in the coming months amid key festive and marriage season. And at the same time, a diplomatic crisis between china and japan will also drive gold to rise again.
Therefore, gold is still a continuation of the yesterday's situation.
Meanwhile, # USDX remains stable at the lowest point during the last six months. However, demand from India is expected to pick up in the coming months amid key festive and marriage season. And at the same time, a diplomatic crisis between china and japan will also drive gold to rise again.
Therefore, gold is still a continuation of the yesterday's situation.
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