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Gold Fever is Spreading

From fxempire.com

Indeed, what a difference a fortnight makes. From a vocal chorus of indifference and reliant on central bank demand to Friday’s fear of missing out momentum which propelled prices to a new 2019 high. “Gold is back in play, and Blue horseshoe loves “yellow metal”.” Gold climbed to the highest levels in more than a year. But adding to Golds allure is that prices traded well despite rebounding equities and a firmer USD. And while the prospect of lower U.S. rates and dovish Fed expectations remain supportive, Gold appeal goes well beyond that and is moving higher on own its accord as a safe and inexpensive hedge against ... (full story)

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  • Category: Fundamental Analysis