Gold is likely to make a fresh attempt at Tuesday’s $1,535/oz. high in the near-term and may press even further ahead as fundamental positives line-up. Wednesday’s bond market moves re-affirmed market fears of a recession on the horizon, and not just in the US, driving investors back into safe-haven assets including JPY, CHF and gold. While the precious metal sold-off on Tuesday, after US President Trump announced he was delaying some Chinese tariffs, it has pulled back higher and a break above $1.524/oz. opens the way back to $1,535/oz. followed by $1,540/oz. The latter target is a re-fill of a gap on the April 8, ... (full story)