Other than the normal guiding factors, there are two important factors or indicators affecting the price of gold. They are:-
1. USD Index
2. 10/30 years bond yield
In the last 3 days, I was very concern about the sudden rising of USD Index reaching the critical point of 93.5. Most experts forecast that there will be significant falling of gold price on the European or US markets last Friday. However it did not eventuate.
It will be very interesting to read the OZ market messages for those who took actions on Friday.
SM
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