Thursday, November 26, 2015
International Unrest, Rising Hedging Demand for Gold
ANBOUND
In anticipation of the interest rate hike by the Fed, dollar continues to climb while gold, petroleum and other commodity prices continue to fall.
It is worth emphasizing that the terrorist attack in Paris might have some impacts on the gold market as hedging demand increases.
Recently, there are more major international incidents including the terrorist attack in Paris, the stalemate of the Syrian war, the further threats made by ISIS which will cause fluctuation in the international financial market and gold price fluctuation.