Financial Sense: Gold Strengthens On Central Bank Moves

June 20, 2019 Bob Weir Currency, Financial Sense, Market Pundits, Mining, Mining - Precious Metals

Institutional demand for gold has risen recently. Changes in social and political spectrums are also stoking the demand for gold. But it is the increased buying of gold by central banks around the world that is the real force behind the rising gold price. This is all part of the global move away from the U.S. Dollar as the world’s key currency and the growing distrust of the international monetary system. The long-term implications of this trend, if it succeeds, is obvious.

Gold currently has a massive resistance zone at 1352 to 1370, which will be tough to overcome.

gold pricegold pricehttps://static.financialsense.com/styles/bli_orig_custom_user_screen_lg_min_2x/public/images/2019-06/gold-price.png?itok=aHEzDUW6

You can access the entire article from Financial Sense : … …  HERE

About Bob Weir 3002 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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