Investors get gold fever. But look out if Trump-Xi meeting this week is seen as a big success

From scmp.com

Is it time for investors to start believing the gold bulls? The yellow metal has been soaring. It rallied to a five-year high after the US Federal Reserve signalled on Thursday that it is open to cutting the key interest rate, boosting gold’s appeal to investors hunting for price appreciation. It recently traded at US$1,388.29. That’s up 8.6 per cent since May 17, when it began its most recent rally, and up 17.3 per cent since September 27, when it was at its most recent low of US$1,182.83. It means gold is up 8.3 per cent year-to-date, close to Hong Kong’s Hang Seng Index performance of 10.2 per cent this ... (full story)