Are there technical factors that also impact the price of gold in the global markets?
Answer
Answer
Over the last 50 years two clear fundamental trends have emerged with respect to the price of gold. Firstly, gold has always gained value in terms of uncertainty. Secondly, the gold price has always been inversely related to the strength of the US economy. Barring these two factors, others have been technical factors that have impacted gold prices more in the short to medium term.