Gold looking soft but could still be a bullish case The dollar is once again being favoured during the escalation of the trade spat, as yields on US Treasuries continue to head lower. Whether this is a sign of Treasuries being the preferred safe haven during the stock market sell-off or a belief that the US will be least worse off, it’s very much consistent with what we’ve seen previously. What’s more, it’s making life tough for the other traditional safe haven, gold. While the yellow metal typically performs well during periods of risk aversion, it also responds strongly to movements in the greenback and is ... (full story)