Turn into gold in 2017

If you’re looking to diversify your portfolio in 2017, then you should consider moving some capital into gold futures. The yellow metal is currently on fire due to a mix of political and economic factors that have turned it into a highly volatile and profitable asset.
We get it… You’re interested but don’t know where to begin. Look, the first and (probably) most important thing to trade metals, or any other asset, is to understand what really moves the price up and down during a session. Is it the economic events? Is it the political events? Is it both?
Gold futures are currently trading around the $1230.00 mark, counting on a strong support around the $1220 level. So far this year, the precious metal has been moving almost exclusively due to President Donald Trump’s executive orders, economic policies and promises. However, gold is not only affected by the US calendar, it is also depending on monetary policy, political tensions between countries and increasing risks just to name a few factors.

United States
Three things to keep in mind: Donald Trump’s economic policies, international relations and Federal Reserve interest rate decisions. First goes first, Trump’s economic policies are expected to promote solid growth in the next few years, making high-risk assets such as equities more attractive to investors. This scenario also means the Federal Reserve would have to raise interest rates to keep the economy moving forward. In these cases, a bearish gold forecast is most likely. However, if President Trump won’t be able to keep good terms with other nations and the international relations continue to deteriorate, that could provide some support for gold.

Europe