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Gold Miner ETFs Glitter as Geopolitical Tensions Mount

From investopedia.com

Despite geopolitical tensions popping up everywhere investors look, gold prices have failed to capitalize on the yellow metal's safe-haven status amid sustained U.S. dollar strength – typically, the two assets have an inverse relationship, which has put downward pressure on the "risk-off" commodity since late February. That changed Friday when U.S. President Donald Trump threatened Mexico with a 5% tariff on all imports to curb illegal immigration. The move raised global uncertainty to levels not seen since the fourth quarter of 2018, especially when compounded with renewed U.S.-China trade tensions, Brexit chaos, and ... (full story)

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  • Category: Technical Analysis