As risk aversion accelerates the flight to safety, bulls return to the yellow metal   

08 May 2019 : It has been a positive trading week for Gold thus far thanks to renewed US-China trade tensions and concerns over slowing global economic growth. The precious metal has punched above $1290 today and is positioned to trade higher as risk aversion accelerates the flight to safety. A daily close above $1287 is likely to signal a move higher towards the psychological $1300 level.

Source: Lukman Otunuga, FXTM Research Analyst

Reporting for EasyKobo on Wednesday , 08 May 2019 in Lagos, Nigeria

Copyright @ 2010-2019 by Naija infotech & solar energy ltd. All rights reserved