Gold Making a Rebound

After a weak 8 months in 2018, the spot price of Gold rocketed from a bottom of $1160 to nearly $1300; a stunning 12%!⁣
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Institutional analysts and individual traders went on and on about how the Gold beat down has just begun, stocks will rally, and implied Gold has not seen its bottom yet. But the cloud of doubt around global stocks helped propel gold, which is universally seen as the best recessionary hedge. ⁣
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This jump in gold prices is being seen by many as an indicator of stock market saturation and over valuation. The stock market in return ended 2018 on a low note, recording it's worst year since 2008. In reality, this shouldn't be treated as a sole recessionary indicator. Gold had been beaten down for quite a few years now and was due for a large gain in price. But at the same time, Gold saw a nearly 50% rise from 2007 to March 2008; a few months before the true state of the economy was revealed.⁣

The next 6 months will be crucial in determining if the rise in Gold was truly a recessionary sign, or at the very least a bear market indicator, or if the overdue bull run coincidentally occured during a correctionary period in markets.
Gold is definitely worth keeping an eye on.