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!