Gold prices up 16% in 2020
THE Chinese idiom yi bo wei ping, yi bo you qi (translated as: before the current problem has been resolved, a new one rears its head) aptly describes my view of 2020 thus far.
Gold likely to reach US$1,800
WITH most countries around the world still in an extended lockdown as part of a systemic measure to prevent the spread of Covid-19, the novel coronavirus has made its mark as the single most disruptive global event in recent history.
Gold remains safe haven of choice
THE world is currently going through an unprecedented period of uncertainty with most nations enforcing various forms of lockdown measures in a bid to contain the spread of Covid-19.
Covid-19 hits silver prices hard
2020 did not start off well if the first quarter of the year is any indication of what is to be expected for the rest of the year. What started of as "another flu-like virus" in a province in central China, has exploded into a global pandemic with far-reaching humanitarian and economic impact....
Gold glitters as viral gloom shines new light on rise in price since mid-Dec
GOLD has been enjoying a startling rise in price since the mid of December last year. This movement in the precious metal is attributed to the discovery of the new strain of coronavirus, now known as Covid-19. First identified in Wuhan, China, the respiratory virus has rapidly spread to the rest...
Gold has potential upside after meteoric rise in price
GOLD prices had an exciting run, prospering on tumultuous geopolitical uncertainty in the Middle East during the early weeks of 2020.
EURUSD to end decade with possible downside
EURUSD surged last Wednesday following dovish comments by Federal Reserve chairman Jerome Powell during the release of the Federal Open Market Committee (FOMC) statement. Leaving the interest rates unchanged, Mr Powell further highlighted that interest rates are likely to hold through in 2020....
Lagarde's ECB presidency marks period of transition
AS we move towards the end of 2019, we are transiting to a new period as Christine Lagarde takes over as the new president of the European Central Bank (ECB). The question on most people's minds is: "Will the new president make her presence felt by enforcing her authority through immediate...
An upward move for GBPUSD soon?
AFTER weeks of discussion back and forth on whether the United Kingdom (UK) was going to push through with an exit from the European Union (EU) on Oct 31, European Council (EC) president Donald Tusk announced that the EC has agreed to a "flextension" which allows the UK Parliament more time - to...
USDSGD poised to climb
USDSGD has been travelling gradually upward in an equidistant channel over the last two weeks of September. As the month is coming to an end, we are seeing the price of USDSGD approaching the upper band of the equidistant channel. Immediate resistance levels can be seen at 1.3815 and 1.3825.