November surge in gold prices. trend or false movement

In early November, the price of gold futures rose by almost 10% over eight trading days to $1,790 per troy ounce. Investors and stock speculators should not ignore this.

From a practical point of view, it is now important to determine whether there are clear prerequisites for further growth in exchange prices for the yellow metal. Consider the factors that influence these prices.

The complex geopolitical situation that has developed in the world, paradoxically, does not contribute to a strong increase in gold prices. In recent years, futures for the key precious metal have become much more restrained in reacting to news related to the aggravation of international conflicts. For example, periodic missile tests by the DPRK no longer cause the former activation of demand.