Gold better bid, savvy investors taking heed of elephant in the room
Despite the flurry to the equities on the back of progress with the phase-one trade agreement between the US and China, gold prices are also on the up. At the time of writing, gold trades at $1,565 having travelled from a low of $1,552.67 to a high of $1,568.21.
Gold Resists Soaring USD – The Show’s Not Over Yet
The precious metals market didn’t do much yesterday, but – what may seem surprising - that’s quite bullish. It’s bullish, because the USD Index rallied to new yearly highs and this “should have” caused the PMs and miners to decline. It didn’t, which suggests that the decline is not yet ripe for continuation.
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