• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Investors Can Still Take Part in the Anticipated Gold Rally – Analyst

June 1, 2021 by Forex Winner Leave a Comment

Investors Can Still Take Part in the Anticipated Gold Rally - Analyst

Gold is expected to carve fresh highs this year on the back of the inflation uptick, “Fat Prophets” analyst told CNBC.

Gold futures
  • Fat Prophets Resources Analyst David Lennox is betting on gold as a surge in prices usually comes with higher inflation readings.
  • Should prices surge, Lennox urged investors to look into gold exchange-traded funds to score one-on-one price movement without the management fees.
  • For long-term investors, investors should pour their funds into gold miners as they have growth capacity, and possible dividend payouts.
  • Lennox also scored gold as a safe investment amid market uncertainty hounding the dollar, providing a good tailwind for gold.
  • Gold is trading at $1,911 an ounce, up 0.66% year-to-date after dropping to as low as %1,700 per ounce in March.
  • The United States Federal Reserve last year kept interest rates low, in efforts to boost economic recovery and keep financial markets afloat after the COVID-19 pandemic.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

E-Trade

E-Trade Review

October 23, 2019 By Forex Winner

NinjaTrader Review

February 17, 2020 By Forex Winner

europefx

EuropeFX Review

December 26, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure