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Gold forecast dims as investors rush to racier assets
So, the markets are keeping their footing, supported by renewed optimism over trade negotiations—starting with a deal between the US and the UK. US stocks were testing their session highs at the time of writing as Bitcoin broke above the key $100K hurdle. Trump said China tariffs could be lowered if talks progress well, adding that 10% is probably the lowest end for a tariff. Earlier, a trade deal with the UK was announced. With stocks rising, the price of gold has pulled back on reduced haven demand. So, what does the gold forecast look like from here? While not outright bearish, I think at least some ... (full story)
