Volatile few days for gold, and all asset markets with the shutdown - safe haven bid late last week, smashed Tuesday then back up again overnight
Volatile few days for gold, and all asset markets with the shutdown - safe haven bid late last week, smashed Tuesday then back up again overnight. Good chance we see a bit more weakness in coming months but i'd say worst case scenario a pull-back to circa $1,100 - nothing to fret when a re-run of the 70's bull market will see prices head north of $5k minimum. Sounds crazy but fundamentals stronger this time around, especially in world addicted to permanent (and potentially expanding) QE and ultra-low interest rates. Weekly report into gold, the shutdown, us equity risk and Australian housing amongst other things can be found here (VIEW LINK)