| Videos | Channels | Search |
Why gold remains unstable: Ole Hansen
Saxo Bank’s head of commodity strategy Ole Hansen talks us through the positives and negatives of trading gold now and in the weeks and months ahead.
One main reason that the price of the precious metal could rise is the fact that an Increasing amount of sovereign of debt is trading at negative yields, forcing money managers to look for alternatives.
Hansen also says that gold prices could fall if the US economy improves because this would mean more interest rate rises being priced in, thus making the yellow metal a less attractive asset. He sees key levels as $1,255/oz to the upside and $1,205/oz to the downside.
01:50 minutes
Tags: commodities, commodities markets, commodity, commodity prices, commodity strategy, commodity trade, gold, gold commodities, gold commodity, gold investing, gold investment, gold levels, gold market, gold markets, gold price drop, gold price expectations, gold prices, gold spot, gold trading, metals, precious metal, precious metals, precious metals prices, saxo, saxo bank saxo tv, saxo bank trading, saxo trader go, saxo tv, saxo tv tradingfloor.com, saxobank, saxotradergo, silver, silver price, silver trading levels, trade idea, trader, traders tale, trading, tradingfloor saxo bank, tradingfloor.com saxo tv