This article was first published on FXTM Global.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

Gold regained some of its lustre on Monday, rising roughly 1.3% after experiencing its worst single day decline since 2013 last Friday.Losses across global equity markets were so severe that institutional investors and hedge funds were forced to offload Gold positions to raise cash in an effort to cover margin calls. This shocking development sent the precious metal collapsing like a tower of Jenga blocks. This came despite the explosive levels of risk aversion.Although the technical picture suggests that Gold could extend losses, the fundamentals remain in favour of bulls. Concerns... Read More

To keep reading this article, please navigate to: FXTM Global.

Tagged on: