Gold is up 0.1% at $1,513.10 a troy ounce in thin holiday-period trading, with
the precious metal extending its gains over the past week to 1.8%. "Gold's
latest surge is strictly happening because the dollar is weakening, and
expectations are growing the greenback will continue to fall further in 2020,"
OANDA's Edward Moya notes. The WSJ Dollar Index is down 0.2% with signals that
global economic growth could pick up denting the currency's gains in 2019's
final quarter. "Both Europe and Asia are starting to show further signs of
economic life and the dollar could weaken further as we start to see strong
flows come to emerging markets
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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