Ebola outbreak hits currency exchange rates?
Thursday, August 21st, 2014
In the recent commodity trading news, is seems as if those allured by the profit of gold may be in for a disappointing return; at least for the short term.
As this benchmark indicator hints at other financial trends, recent developments in regards to housing sector data in the United States alongside a bullish dollar have caused the yellow metal to take a slightly bearish outlook.
Figures have shown that investor appetite is on the upswing; thus fueling their ability to enter into open trading positions.
As always, the inverse relationship to the dollar is another reason for slight concern. However, the potential damage in international trade due to increasing concerns over the Ebola outbreak may serve to mute the overall negative outlook for gold in the coming weeks.
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