Demand for precious metals stays strong as traders focus on geopolitical uncertainty.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Traditional flight-to-safety trades took off on Tuesday in response to a worsening conflict between Russia and Ukraine, but a closer look at the extent of the bond market's moves and a rise in gold prices reveal traders are probably less rattled than initially thought.
The gold market rallied a bit in the early part of the session on Tuesday, as the market will be factoring in certain geopolitical issues, as well as the overall momentum from the longer-term trend. Gold is also going to be factoring a lot of other issues as well, including
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
By RoboForex Analytical Department
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