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?
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