GOLD fundamental moves explained
1) we can see that gold had its initial upside move which was primarily caused by the war tensions between russian and ukrain, and putin planning on invading ukrain. This therefor brought fear in the markets causing investors to pull money out of other assets classes and putting it into the safe haven gold
2)gold had a bearish move as putin said it would withdraw troops from the border, hence reducing the risk of war, which investors therefor would take money out of gold and put it back in the US dollar and other assets.
3) gold made another upside move as US stated that russian has not yet withdrawn any troops, further increasing war tensions.
2)gold had a bearish move as putin said it would withdraw troops from the border, hence reducing the risk of war, which investors therefor would take money out of gold and put it back in the US dollar and other assets.
3) gold made another upside move as US stated that russian has not yet withdrawn any troops, further increasing war tensions.
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