Gold broke below $1500/oz amid extremely high volatility and investors covering losses in equity markets, analysts at ANZ Research apprise. Key quotes “Gold prices started the session stronger, as the darkening macro backdrop attracted safe haven buying. However, this was once again overtaken by liquidation as investors tried to cover losses from heavy losses in equity markets.” “The stronger USD also helped crimp investor appetite for the precious metals.” “Palladium was under added pressure after reports that China would relax emission standards to provide relief to car markets. The stringent new standards have been driving a surge in buying from China.” 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 Germany planning to offer €40 billion in aid to self-employed and businesses – Reuters FX Street 2 years Gold broke below $1500/oz amid extremely high volatility and investors covering losses in equity markets, analysts at ANZ Research apprise. Key quotes “Gold prices started the session stronger, as the darkening macro backdrop attracted safe haven buying. However, this was once again overtaken by liquidation as investors tried to cover losses from heavy losses in equity markets.” “The stronger USD also helped crimp investor appetite for the precious metals.” “Palladium was under added pressure after reports that China would relax emission standards to provide relief to car markets. The stringent new standards have been driving a surge in buying from… 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.
