Yes, a lot of people prefer to trade Silver. I just like the size of the Gold market, the liquidity is the best of any forex pair, so many people are trading it. So you get these big moves and constant opportunities. Higher oil prices obviously do not support gold, nor does rising inflation, quite the opposite. Higher oil and inflation raise the risk of the Fed tampering with the interest rate. If the interest rate goes up bonds become more attractive than Gold. It is quite obvious, btw, that the war with Iran will come to end at some point, so oil will come down, just as Trump said.
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