| Videos | Channels | Search |
Berger: Bullish bullion prices
After the Swiss National Bank removed the cap on the franclast week, investors have been shifting investments into the gold market. Theprice of gold closed near a four month high on Friday as volatility in thecommodity and currency market drives investors towards the safe-haven metal. SergeBerger, better known as The Steady Trader, believes that interest in gold islikely to continue and could push the prices towards USD 1,350.
With the European Central Bank set to announce a possible quantitateeasing program on January 22nd, volatility is set to continue throughoutthe week. The ECB’s expected actions have pushed the euro to a near 11-yearlow. These volatile moves across asset classes are a few of the reasons why Sergeis calling for greater demand in gold.
Serge is looking to buy gold at USD 1,250 with a stop at USD1,200. He has set a price target of USD 1,350.
Join theconversation below to be a part of the social trading experience.
Non-independentinvestment research disclaimer
01:08 minutes
Tags: commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commoditiies, commodity, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, commoditymarket, commotities, gold, gold bullion, gold buy, gold buying, gold commodity, gold demand, gold exchange, gold investing, gold investment, gold levels, gold market, gold predictions, gold price, gold prices, gold spot, gold supply, gold support, gold trade, gold trading, gold trading levels, safe haven, saxo, saxo bank, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, serge berger, serge berger tradingfloor.com, spot, swiss, swiss franc, swiss national bank, trade idea, trade view, traders tale, traders tale saxo tv, traders tale serge berger, trading, trading commodities, trading gold, trading idea, trading platform, trading risks, trading spot gold, trading strategy, trading techniques, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor trades, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, volatile currencies, volatile markets, volatile prices, volatility, volatility forex, volatility gold