The yellow metal hit a nine-year high as the $1800 resistance was broken yesterday. Flight for safety will continue to drive gold prices higher as increasing coronavirus cases boost expectations for further central bank stimulus, per ANZ Bank. Key quotes “Gold traded at a nine-year high after breaking $1,800/oz as the pandemic surge led to safe-haven buying.” “Globally, cases reached 12 million, with the US’s case numbers surpassing 3 million. This is raising expectations of further stimulus measures from central banks, with talk of the Fed controlling the yield curve with additional asset purchases.” “Investors continue to pile into ETFs and futures market.” 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 USD/JPY remains confined in a range, holds steady above 107.00 mark FX Street 3 years The yellow metal hit a nine-year high as the $1800 resistance was broken yesterday. Flight for safety will continue to drive gold prices higher as increasing coronavirus cases boost expectations for further central bank stimulus, per ANZ Bank. Key quotes “Gold traded at a nine-year high after breaking $1,800/oz as the pandemic surge led to safe-haven buying.” “Globally, cases reached 12 million, with the US’s case numbers surpassing 3 million. This is raising expectations of further stimulus measures from central banks, with talk of the Fed controlling the yield curve with additional asset purchases.” “Investors continue to pile into ETFs… 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.
