Investors are lured back to US dollar, so XAU/USD rally may not continue
When the rally is too fast, the risk of a deep correction is growing by the day. As soon as there are any doubts, the bulls will start exiting longs. Gold drop in price to $1500 per ounce is a typical example. By mid-August, hedge funds have increased their gold longs to more than three-year highs. Nonetheless, a delay in imposing a fresh US tariff on the Chinese imports, increase in global risk appetite and the hawkish comments by the Fed representatives have made investors take some…
Read full author’s opinion and review in blog of #LiteForex