Gold continues to make new highs, touching the $1,700/oz level as equities went limit down overnight, while yields continue to plummet to the 0 bound, and the dollar weakens, strategists at TD Securities inform. Key quotes “Prices have now edged off the highs, and near term rushes to liquidity remain a risk.” “We note that positioning is becoming stickier at higher levels as further rate cuts globally offer fundamental backing, suggesting the precious metals rally is here to stay.” “For silver and the PGMs, the exposure to industrial demand, and lower beta to monetary policy and safe-haven flows should see them underperform the yellow metal. CTAs have been well-positioned for the rallies, and we do not anticipate any major systematic flow on the day.” 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 EUR/USD New York Price Forecast: Euro erasing 2019 losses, bulls eying 1.1600 figure FX Street 2 years Gold continues to make new highs, touching the $1,700/oz level as equities went limit down overnight, while yields continue to plummet to the 0 bound, and the dollar weakens, strategists at TD Securities inform. Key quotes “Prices have now edged off the highs, and near term rushes to liquidity remain a risk.” “We note that positioning is becoming stickier at higher levels as further rate cuts globally offer fundamental backing, suggesting the precious metals rally is here to stay.” “For silver and the PGMs, the exposure to industrial demand, and lower beta to monetary policy and safe-haven flows should see… 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.
