How Will Gold Perform During the Euro’s Make or Break Week

This week marks one of the biggest in recent memory for the entire euro-zone, as a number of key decisions and announcements will be made regarding the future of the indebted currency bloc. Last week saw ECB President Mario Draghi announce a major bond-buying program that lifted stocks around the world as it was a sign that the central bank will do everything in its power to ensure that no single country fails. One of the most active assets after the statement was gold, as people use this precious metal as both a speculative trading tool as well as a way to ride out current trends, both of which will make it a very active asset this week [for more gold news and analysis subscribe to our free newsletter].

Posted in Actionable Ideas, Asset Allocation, Commodity ETF Analysis, Commodity ETFs, Gold, Precious Metals | Tagged , , , , , | 2 Comments
  • Subscribe

    • RSS Icon   Twitter Icon
    • Sign up for free today:
  • Search