Growing Weakness In Asia May Encourage Gold Bulls To Become Aggressive

May 24, 2019

London (May 24)  On analysis of the movements of gold futures, in different time frames, I find the gold bulls look ready to bounce upward as the Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world's two largest economies, pushing investors to safe-haven assets. No doubt that the lingering trade war may enhance the fear of global economic slowdown which wil further enhance bearish pressure on global equity markets.

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