Gold Price Market Commentary June 20, 2019

The Trading Daily Market Commentary features a summary of selected market segments as well as economic matters. Its content of interest is made available to all traders and investors at large

Gold price just hit a five-year high - The 'Maginot Line' of $1390 in the early morning on June 20. It is rallied over $30 per ounce since this wee morning trading hours. 

Just imagine how much higher gold price would be had the Federal Reserve cut rates yesterday. Just imagine how much higher it would be if the investors and traders realized the Federal Reserve is going back to 'Zero" and Quantitative Easing #4 (QE4).

This very new high for 2019, has in all probabilities raised the likelihood of an inappropriate next month rate cut, which stands now at 100 percent. 

What the essential markets still do not see is that the next month cut will be the first way on the route back to Zero Interest Rate Policy (ZIRP) and QE4. Like whole sequences, this one will end to be a wrong and bad one.


You might like these

  • Physical Gold Trading vs. Paper, How To Differentiate Between

    With physical Gold Trading vs. paper, It's not the price that is different, it's a delivery. Once Gold crashed from July 10-19, pulling market prices right down to a low of $1311 level per oz it was related to behavior and individual's reactions to market developments

  • Gold And What Made Go Up A Few Weeks Ago

    Gold high demand causes two factors behind the US Dollar’s ongoing weakness. The overseas requirement for the US Dollar is set to weaken, as China continuously chip away at its position.

  • Current Gold Price And Dollar

    Using a current gold price, China has carried on as if she's completely aware of gold’s prices characteristics, and has now the diplomatic strategy associated with taking over the gold bullion market.