Gold futures trade at highest level in 14 months | Metals Mine

  • Gold futures trade at highest level in 14 months

    From marketwatch.com

    Gold futures climbed Friday to touch their highest levels in 14 months, with the metal’s haven appeal getting a boost from tensions in the Middle East and Hong Kong as well as rising expectations for a summer interest-rate cut from the Federal Reserve. Prices, however, eased back from the session’s best levels with the dollar on track for a gain on the week, putting some pressure on dollar-denominated gold prices. The ICE U.S. Dollar Index DXY, +0.55% rose 0.4% Friday, set for a weekly rise of 0.9%. Gold for August delivery GCQ19, +0.53% climbed $10, or 0.7%, to $1,353.70 an ounce, after trading as high as ... (full story)

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bigtx
Jun 14, 2019 4:24pm
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The current headline: Gold futures finish with a modest gain after an earlier rise to a 14-month high


That was a fun little frenzy while it happened, but I think we are solidly under that level for some time now. Everything sounds scary at the moment to those that follow the news. However, the macro fundamentals seem strong. I'll gladly ride the fear wave, but it's not time to shelter just yet.
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