Gold on the move
Gold is hitting a 5 month high. After dropping to a level under $ 1.200 in November, gold is now reaching a level of $ 1.248.
This strong increase is probably caused by a weaker US Dollar, turmoil in the stock markets and some indicators of recession, with yield curves that are inverting.
Gold remains a safe haven in such a situation.
Let us see how this will play out next week. I wouldn’t be surprised that we see the price come down a little bit, but I remain positive for the metal.
Enjoy!
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Looking good for now!