Forex secret society
It all began on February 2013 when gold prices plummeted after staying consistently high for over 13 years and this metal is looked upon as one asset that held true value for years together. 2000 soon, it also gave way to short gold rallies in the world market. This, eventually, led to the increase in gold price again. Because of relatively stable economic conditions in the US and the bullishness in the stock market, many investors, including large institutional funds were taking profits at higher gold prices in the beginning and middle of this year. On the face of it, it all seemed perfect for traders shorting gold but again there was a twist in the market. Gold day traders need to keep in mind that though gold prices go down from time to time, it is difficult to predict if it would remain that way or take a completely different course.
The market continues to be flooded with various issues that could impact gold prices and keep it in its current uncertain situation for the years to come. Traders need to gain a high-level understanding and perspective about the gold market condition by keeping up-to-date with the current trends and should always go with the guidance offered by reliable and reputed sources. Forex Peace Army offers performance tests that would enable traders get an understanding as to how money managers perform in complex market situations. The economic turbulences and political crisis that is being faced by some countries has a direct impact on the market and could create a potentially highly undependable state. Again this has affected the market on the reverse and traders have stopped selling and started to buy gold. Gold market may continue to face this sharp rise and fall in prices for the rest of the year, especially in the upcoming festival months in India, which is a largest consumer of gold. China, yet another high gold consuming region, spreads the strong feeling that it would be in huge gold demand for this year as well.