Gold is still down more than 16 percent from its January 28 record of $5,589.38 per ounce, despite rising by more than 6.4 percent over the past week. Gold prices saw a “V-shaped” recovery this week as markets moved from a liquidation-driven selloff to a rally motivated by geopolitical de-escalation However, the four-day rally quickly reversed on Thursday, April 2, following Trump’s televised speech on Wednesday night, April 1, in which he vowed to strike Iran “extremely hard” over the coming weeks. Overnight, all expectations of a quick de-escalation disappeared as Gold changed course. Tensions in the Middle East ... (full story)