Uporabljamo piškotke, da bi vam zagotovili najboljše izkušnje na naših spletnih straneh. Z nadaljnjim brskanje na tej strani, podate soglasja za piškotke, ki se uporabljajo. Za več podrobnosti, vključno kako lahko spremenite vaše nastavitve, preberite naše Pravilnik o zasebnosti.
Več Info Potrjujem
81% maloprodajnih računov izgubi denar pri trgovanju s CFD-ji pri tem ponudniku. CFDji so kompleksni instrumenti in prinašajo visoko tveganje izgube denarja zaradi vzvodov. 81% maloprodajnih investitorjev izgubi denar pri trgovanju s CFD-ji tem ponudniku. Dobro razmislite ali razumete, kako delujejo CFDji in ali si lahko privoščite tako veliko tveganje izgube svojega denarja. expand_more

Hopes on fiscal stimulus - Gold bulls fighting for 1,900 USD

Oktober 14, 2020 11:00

Hopes on fiscal stimulus - Gold bulls fighting for 1,900 USD

Economic Events October 14, 2020Source: Economic Events October 14, 2020 - Admiral Markets' Forex Calendar

The picture for Gold hasn't substantially changed over the last days – despite the short-term turbulence initiated by a tweet from the US president last week.

Last week on Tuesday, US President Donald Trump briefly caused an uproar when he instructed Republicans not to negotiate any further US stimulus packages with the Democrats until after the presidential election.

As a result, Gold dropped to below 1,900 USD, but closed the last week of trading still above that level after Trump "re-opened" negotiations on Thursday after realizing that such a move could be damaging after the resulting drop in US equities and in the lead up the US presidential election on November 3rd.

Yesterday, the yellow metal again dropped below 1,900 USD after US core inflation came in at 1.7%, slightly below the market consensus of 1.8%, thus disappointing Gold traders betting on a near-term drop in real yields significantly back below -1%.

But taking a step back and looking at the bigger picture we can see a few key dynamics:

  • The political legs of Trump's move were rather short
  • In reaction to US inflation data the overall US economic outlook leaves Republicans and Democrats with no other choice than to deliver a much needed Corona relief package, financed with freshly printed US-Dollars from the US central bank FED.

That expectation might also explain why recent data from the Commitment of Traders Report points to further bullishness among large speculators which keep on increasing their bullish Gold bets, potentially in anticipation of such an inevitable move from the FED and the US government.

Still, we remain cautious in regard to long engagements below 1,975 USD, technically and without a sustainable break higher the drop back below 1,900 USD leaves a re-test of the region around 1,850 USD an option.

If we get a break above 1,975 USD, a run as high as the current yearly and All-Time highs around 2,075 USD and even higher can be expected:

Admiral Markets MT5 with MT5SE Add-on Gold Daily chartSource: Admiral Markets MT5 with MT5SE Add-on Gold Daily chart (between May 29, 2019, to October 13, 2020). Accessed: October 13, 2020, at 10:00 PM GMT. Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2015, the value of Gold fell by 10.4%, in 2016, it increased by 8.1%, in 2017, it increased by 13.1%, in 2018, it fell by 1.6%, and in 2019, it increased by 18.9%, meaning that in five years, it was up by 28%.


Discover the world's #1 multi-asset platform

Admiral Markets offers professional traders the ability to trade with MetaTrader 5, allowing you to experience trading at a significantly higher, more rewarding level than with MetaTrader 4. Experience benefits such as the addition of the Market Heat Map, so you can compare various currency pairs to see which ones might be lucrative investments, access real-time trading data, and so much more. Click the banner below to start your FREE download of MT5!

Trade With MetaTrader 5


Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

  1. This is a marketing communication. The analysis is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
  3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter "Author") based on the Author's personal estimations.
  4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
  5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
  6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
  7. Any kind of previous or modelled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
  8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
  9. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.