Ali Farhad Posted February 26, 2020 Share Posted February 26, 2020 WHy is Gold selling off when it seems like we are in a risk off market? all other risk assets seem to be being bought currently? any ideas? Quote Link to comment Share on other sites More sharing options...
0 Sam Farrah Posted February 26, 2020 Share Posted February 26, 2020 Yes I still believe it is a safe haven and I don't think it should be questioned. However I understand why you may think that. But, if we look at the facts, since the end of December we have seen gold rise significantly from around the 1460 level all the way up to 1580 and even 1600. This means it has had a sustained and quite a large move upwards and it is natural for buyers to now want to take some profit on their positions and some sellers to come in. In my opinion it is a case of gold needing to have a pull back towards the 1510-20 level and possibly lower, before we see a sustained move upwards once more. Quote Link to comment Share on other sites More sharing options...
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Ali Farhad
WHy is Gold selling off when it seems like we are in a risk off market? all other risk assets seem to be being bought currently? any ideas?
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