inaugurationday
The price of gold increased on Inauguration Day, arousing investors’ hopes for a new bullish phase. Q4 2020 hedge fund letters, conferences and more Gold Price Increased On Inauguration DayLadies and gentlemen, it’s official now – Joe Biden and Kamala Harris have been sworn in as the President and Vice-President of the United States, respectively. What does this imply for America? Well, before we move on to Biden, let’s say goodbye to Trump. You can love him or hate him, but there is no denying that the 45th presidency was excellent for the price of gold. As the chart below shows, the price of...
ValueWalk
Gold prices moved higher as the USD Index moved lower in today’s pre-market trading. Before providing you with my thoughts on why that happened and what the implications are, let’s see exactly what transpired. Q4 2020 hedge fund letters, conferences and more Figure 1 - USD Index The USD Index BreakoutIn yesterday’s (Jan. 19) analysis , I commented on the above USD Index chart in the following way: The USD Index is after a major breakout above the declining resistance lines and this breakout was confirmed. Consequently, the USD Index is likely to rally, but is it likely to rally shortly? The an...
ValueWalk
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