Gold has pushed over 1% higher to break the psychological $2K level. Ever since the all-time high was broken on 27th July it seemed like it was only a matter of time. Gold breaks USD 2000 per troy ounce Ever since the central banks turned on the printers gold has been on a massive bull run. The yellow metal also received a boost due to its safe-haven status and this has been evident during the COVID-19 pandemic. It is not only the central banks that have been supporting the markets as governments have conducted fiscal stimulus programs too. It all started after the last financial crisis in 2008-9. Ever since the equities markets pushed higher as the market was flushed with liquidity and during the coronavirus pandemic they have done the same. Central banks like China and Russia are also replenishing their gold reserves. China’s official gold reserve holdings of 1,948 tonnes, although they suspected to be much higher than that — are all held inside the country. ….. More to come… Gold monthly chart Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Technical Analysis: BTC/USD is ready for another attempt at cracking $12,000 FX Street 2 years Gold has pushed over 1% higher to break the psychological $2K level. Ever since the all-time high was broken on 27th July it seemed like it was only a matter of time. Gold breaks USD 2000 per troy ounce Ever since the central banks turned on the printers gold has been on a massive bull run. The yellow metal also received a boost due to its safe-haven status and this has been evident during the COVID-19 pandemic. It is not only the central banks that have been supporting the markets as governments have conducted fiscal stimulus programs too. It all… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
