After Trump’s great trip to Osaka to G20 summit we saw that traders had renewed interest in investing into the greenback. And rightfully so. After all, resolved trade war between USA and China is something that we have been waiting for for a long time. And our faith in the international politics of the US was reflected in yesterday’s performance of the greenback. That didn’t let other assets breathe and was pushing pretty hard on the other segments of the market. But today when the haze fell down, so did the greenback. And what grew instantly? That’s right! Gold.
The precious metal is really on the rise today as we are looking at the sliding greenback. And even though the performance of gold is not nearly as smooth as we would like it to be but trust me, the uptrend is definitely there. Not taking gold into consideration today is going to be a big mistake. After all we are getting closer and closer to US long weekend – 4th of July is a national holiday in the USA and USD turnover is not going to be nearly as wide and active as it usually is, so it possible that gold surge is here to stay.
So, the growth of gold is obvious but there are so many complications that may come along our way, that we still need our trading signals to be sure.