Gold flickers back to life   


24 May 2019 : Gold flickered back to life yesterday as ongoing US-China trade tensions and Brexit drama accelerated the flight to safety. A depreciating Dollar supported upside gains with prices punching back above the stubborn $1280 resistance level. With speculation in the air of the Fed cutting interest rates this year and persistent concerns over slowing global growth weighing on risk sentiment, Gold’s medium to longer-term outlook remains tilted to the upside.


Source : Lukman Otunuga, FXTM Research Analyst


Reporting for EasyKobo on Friday , 24 May 2019 in Lagos, Nigeria


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