Gold's Traditional Crisis Response Returns
From thegoldforecast.com
Gold staged a dramatic rally on Tuesday, pushing prices in the futures market to fresh two-week highs above $4,170. The advance of $75.50, or 1.85%, was notable, but the bigger story wasn't the size of the move — it was what drove it, marking an apparent reversal from the pattern that has governed gold trading in recent months. Since the U.S.-Iran conflict escalated on February 28 of this year, I, along with every other commodity analyst, have repeatedly pointed to anticipated Federal Reserve policy, rather than safe-haven demand, as the dominant force behind gold's direction. That relationship has held for nearly ...
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