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The surge in gold prices in not good news: an explainer on what's driving it
Gold is of course one of the main topics of the day in the markets as the precious metal is approaching the all-time high after several months of rangebound price action. Now, this latest move higher since Friday could be just a technical squeeze and I wouldn't chase it ahead of the key US data. Nonetheless, it's a good opportunity to talk about the reasons driving it higher. The catalyst that triggered the whole rally that eventually led to a breakout of the 4-month range was of course Powell's dovish tilt at the Jackson Hole Symposium. And this is the first bad news for the surge in prices. A too accomodative ... (full story)
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- Sep 1, 2025 2:00pm Posted byFundamental Analysis228
