3 Dec 2014
Gold risks sharp fall in EUR terms – FXStreet
FXStreet (Barcelona) - According to FXStreet Editor and Analyst, Omkar Godbole, Gold exhibits a greater risk to fall near EUR 890-880/Oz levels.
Key Quotes
“Gold prices risk falling to EUR 890-880/Oz levels.”
“Weakness in the USD terms and high possibility of a rebound in EUR/USD puts gold in a vulnerable position in EUR terms.”
“The bias may fail if the ECB does come-out with a stimulus measure that beats the market expectation. However, the probability of such an event is low.”
Key Quotes
“Gold prices risk falling to EUR 890-880/Oz levels.”
“Weakness in the USD terms and high possibility of a rebound in EUR/USD puts gold in a vulnerable position in EUR terms.”
“The bias may fail if the ECB does come-out with a stimulus measure that beats the market expectation. However, the probability of such an event is low.”