Williamfx Posted September 3, 2012 Report Share Posted September 3, 2012 Binary Gold keeps increasing. The call options on the underlying instrument posted a huge advance during the trading session on Friday. It was partially favored by the depreciating U.S Dollar which is facing a selling pressure for now. This is the source of the upside potential in the precious metal. Binary traders betting on the given asset have plenty of opportunities to place many trades and earn nice cash. The relationship between the greenback and the gold is inverse as usual for now. They are considered to be safe-heavens. In times of fear and uncertainty, they could move in tandem. The binary markets are not so far from the above-mentioned scenario. Thus, the binary traders should pay close attention to some change in the behavior between both instruments. The value of binary gold could be boosted by a variety of factors. It could be purchased by investors shifting from low interest bearing government bonds that can not keep up with the rate of inflation. As an inflation hedge, it is about to leap when more money is printing by the Federal Reserve. The binary markets are witnessing this phase now. The uncertainty about the future development of the global economy is pushing the price of gold much higher. This tendency is likely to continue. Binary traders should keep betting on the underlying instrument waiting for new yearly highs. Potential short-term targets are $1730, followed by $1760. Source: binaryoption Quote Link to comment Share on other sites More sharing options...
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