GOLD/USD | Gold to US Dollar Trading Analysis

GOLD/USD | Gold to US Dollar Trading Analysis

Written by: PaxForex analytics dept - Wednesday, 01 April 2020 0 comments

Because of the coronavirus pandemic in the U.S. there was a shortage of gold bars and coins on the free market. The Wall Street Journal (WSJ) writes about it. According to the magazine, dealers sold all the gold reserves or temporarily closed, and a large Swiss financial conglomerate Credit Suisse Group AG, casting gold bars since 1856, asked buyers "not to bother with circulation.

GOLD/USD, 30 min

Pivot: 1590.00