Gold Forecast: Worst 3-Day Run as Investors Flock to Cash

From forex.com

Gold is usually considered to be a safe-haven asset, which generally makes it a ‘go to’ market during times of turbulence. It may therefore seem confusing to some that gold has just suffered its worst 3-day run since the pandemic in light of recent events. But it begins to make more sense when we consider the genuine level of fear in the air, over a potential global recession stemming from Trump’s trade war. And that is weighing dearly on gold prices, as investors either move to cash to avoid the calamity of market volatility, or are liquidating winning gold trades to nurse losses elsewhere. Gold briefly pushed ... (full story)