Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
To me it seems like Gold is trying to rally on geopolotical issues, i can’t see any other drivers. Gold does not seem to be a safehaven from general market correction anymore since 2008, and there is nothing to indicate inflation is getting out of control, there is a lot of excess capacity in the economy at the moment. If it is purely on geopolitical issues, then I expect a strong reversal. Oil markets should be much more affected by ongoing tensions in Middle east and Russia, but they are down. Is this the smart money and a leading indicator that these situations will fizzle out? Finally, if gold is being artificially suppressed, why wouldn’t it continue?