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Can Gold Beat The December Curse?

Tuesday, 4 December 2018 12:00 WIB Gold Outlook Gold Corner

One commodity analyst says he is waiting to see if the gold market can beat its December curse as the market is starting the month on a strong note, trading just below the critical resistance level of $1,240 an ounce. In the last three years, December has not been a kind month for gold, with the precious metal consistently hitting its yearly lows during the month. However, Andrew Hecht, creator of the Hecht Commodity Report, said in a commentary on Seeking Alpha that there are signs that this year could be different. He noted that since hitting its lows in August, the gold market has performed relatively well, even in the face of a strong U.S. dollar. “Gold has had every reason to move...

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JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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