Gold price projections in February 2020
According to the model developed by the AXL Capital Management team, this report issues the projected levels of Gold prices for February 2020. The monthly tracking from January 2018 to January 2020 in the upper and lower ranges, all the values at the end of each month of the Gold prices are within the estimates. To date, the model operates within its 90% confidence limits. Graph # 1: Tracking model results vs. real Gold price data, monthly close (10 am LBM) February 2018- January 2020. The beginning of the year 2020 has a particular level of challenge for the model's estimates since the tensions between the USA and Iran increased the level of global uncertainty and with it, the market volatility registered in the VIX in January rose to levels above 16 and a New global threat with the virus crown weakened the Chinese Yuan and strengthened the dollar, however, Gold prices did not register greater volatility at the beginning of February 2020. VIX as of the date