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Hansen: I'll buy gold when it falls to this level

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May 26, 2015 commodities, commodities markets, commodity, commodity index, commodity investing, commodity market, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, eur, euro, gold, gold buy, gold buying, gold commodity, gold demand, gold dollar, gold investment, gold price, gold spot, gold trade, gold trading, goldprice, greece, greece crisis, greece debt crisis, greek crisis, greek debt talks, hansen, hedge funds, net longs, ole, ole hansen, ole hansen commodities, ole s hansen, olehansen, saxo, saxo bank, saxo bank commodities, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, trader, trading, trading commodities, trading gold, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us dollar, usd
Saxo Bank’s Ole Hansen is keeping a close eye on the dollar and talks between Greece and its creditors as both are impacting the price of gold and here’s why.

Hedge funds buying up commodities and the rise of the dollar could add pressure on gold prices, says Saxo Bank’s Head of Commodity Strategy. At the same time, market worries about the ongoing debt talks between Greece and its creditors could see gold prices rise as investors look to gold for a safe haven.

Bearing these factors in mind, Hansen says he is looking to buy gold if the price falls further.