Gold Chart Analysis for February 2020 | Coronavirus Causing Buying?

Trade with zero comissions, no transaction fees and a market-leading 0.2 spread on gold here: iOS: bit.ly/capitalcom-ios Android: bit.ly/capitalcom-android Web: bit.ly/capital-webpage The coronavirus outbreak has had a serious impact on the markets so far, and gold trading makes no exception. After the return from their prolonged new year break, people in China saw a significant drop in stocks. And this is after the gold chart price had climbed up to a four-week high earlier last week. Since then, however, our gold price analysis has recorded a slight decrease. Even so, most experts don’t believe this to be a lasting trend. Much on the contrary, the gold uptrend is likely to continue due to the many economic uncertainties caused by the corona virus. Namely, in crisis times like these, investors tend to turn towards the precious metal as a safe haven, and we have been seeing this tendency in the gold chart price for some time now. Therefore, the gold price in February 2020 is still likely to remain pretty high. Thankfully, though, this virus seems to be a lot less lethal if we compare it to the SARS epidemic of 2003. And with the measures that the Chinese government is now taking to maintain the outbreak, we shouldn’t expect the gold chart to explode either. This makes for a positive, yet stable overall gold price forecast for next few weeks at least. Did you like our gold chart analysis for February 2020? Then please don’t forget to like, comment and share our gold analysis. And if you’re new to the Capital.com channel, subscribe for more videos on the gold forecast and other trading content. #Gold #GoldChart #GoldPrice *** Explore trading and start investing with Capital.com. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.