Has Gold Moved Too Far, Too Fast?

From forex.com

As funds move out of risky assets, such as stocks, one of the asset classes that tend to benefit the most is precious metals. With the recent onslaught of negative data (such as the recent PMI data or the ZEW data released in Europe) and negative news from around the world (including the China-US trade war, the outcome of the primary elections in Argentina, or the protest situation in Hong Kong), one of the precious metals that tends to be most attractive is gold. Simply put, gold is considered a “flight to safety” asset. From July of 2014 to June of this year, gold traded in sideways channel between 1122.50 and ... (full story)