Gold is a good bet in February

02.02.2017 / 09:55

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In February metals prices likely will face strong headwinds, but gold is expected to have an upward trend.

Prices for most metals will face the strength of the dollar. The Fed will move in any fiscal incentive to raise rates in the US with a much faster pace than the ECB because Germany and Southern Europe are different paths in the path of growth. Still have not got a response from the ECB President, Mario Draghi.

Gold will be affected by the strength of the dollar. Therefore it calls for gold in euros. I do not think there will be great pressure on gold next month.

Still there was no upward trend in gold since the beginning of year. This momentum began to be seen as it peaked its high in the short term, so that February would be a month of reflection and can take a good entry price in gold as likely to pull back to the 50MA.

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Gold is a good bet in February

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