Will Gold Continue to Rise?
Source: VantagePoint Intermarket Analysis Software
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- The market increased by 59 dollars.
- 59 dollars = 5,900 USD per contract (About 17 trading days)
- When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
- Gold has been trading at an all-time high, as the U.S. dollar continues to weaken.
- The possible tightening of monetary policy by the Federal Open Market Committee could boost the U.S. dollar, therefore reducing gold’s attractiveness as a hedge against the currency.