Gold has long been a popular asset for traders, known for its high liquidity, strong correlation with economic factors, and role as a safe investment. Over the past few years, however, gold has become a top asset due to the rise of geopolitical instability and macroeconomic crises. Gold trading is a dynamic and exciting process that requires constant analysis and control.
To help you navigate the complexities of gold trading, JustMarkets has created a comprehensive guide filled with some practical ideas and expert strategies. Here are some valuable insights from our guide.
Major Market Drivers of Gold Prices
Gold price movements depend on several factors, so it is important for traders to understand and constantly analyze the macroeconomic and geopolitical situation. Key factors to pay special attention to include:
- Inflation and deflation: Inflation often pushes up gold prices as fiat currencies lose purchasing power, while deflation can stabilize gold’s value as a…
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