Gold Adds to Losses but Analysts Still See Long-term Safe-haven Demand
Gold encountered a major bearish signal: related to Trump! The price of gold fell by $21. How should gold be traded next?
On Tuesday, as the USD reached a more than four-month high, increasing the opportunity cost for non-USD buyers to hold gold, the gold price plummeted to a near two-month low. Analyst Christian Borjon Valencia from FXStreet pointed out that there was a large outflow of funds from gold ETFs, indicating that investors are shifting towards higher-risk assets.
IShares Silver Trust Options Spot-On: On November 12th, 198.93K Contracts Were Traded, With 5.71 Million Open Interest
On November 12th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 198.93K options for the day, of which put options accounted for 23.74% of the total
Gold Nosedives After Trump Victory – Commerzbank
World Gold Council: Gold still has fundamental support, and the extent of the pullback may be limited.
November 12th, Gelunhui | The World Gold Council stated in its latest report that the impressive rally in gold prices since the beginning of the year has been somewhat affected by the results of the USA presidential election.
Economist Peter Schiff Sees 'A Silver Lining' As Gold Plummets, While Investors Rush To Snap Up Bitcoin Gains: 'Typically...Silver Would Be Down Twice As Much'