News:
Inflation in the wealthiest countries has collapsed at the fastest pace since the financial crisis, as the coronavirus outbreak sinks the world into the deepest recession for almost a century.
The Organisation for Economic Cooperation and Development(OECD) said annual growth in the price of goods and services across the group of 37 advanced countries slowed significantly in March as Covid-19 brought business and social activity to a near standstill.
In a reflection of evaporating demand from consumers and businesses as governments impose tough lockdown measures to limit the spread of the virus, inflation across the OECDarea dropped to 1.7% in March from 2.3% in February, the largest deceleration since the 2008 financial crisis.
Technical analysis:
Gold has been trading sideways at the price of $1,698 . I found that Gold is in the balance and that symmetrical triangle is in creation, which is sign that the breakout of either resistance or support would confirm next direction.
Trading recommendation:
