Forex Notes

The gold market remains dominated bears

Gold prices today, under pressure, given the bearish sentiment among traders, due to fears of economic slowdown, the U.S. and Europe and strengthening their deflation processes. Also, these expectations are reinforced bear the dynamics of commodity markets, and especially non-ferrous metals, the correlation with which the gold mostly positive.

Recently, the negative news for the gold market came from the stock and currency markets: falling stock price and rising dollar on the Forex market have provoked a serious increase pressure on the precious metal. Amid growing concerns of investors gold continued to fall, and many analysts note that the ratio of potential income and the risk remains in favor of short positions in precious metals.