Gold was trading at $2620 since then and it caught a remarkable bid in the ensuing weeks, climbing to $2953 this week.
More importantly, the fundamentals are shifting. Here are some looming changes:
You can consider it over now and one of the (only) predictable things about Trump is that he doesn't like war. If that's the case, then a more peaceful world is a drag on gold.
3) Bitcoin has fallen 20%
4) Tariffman has disappointed
5) Chinese investors have found something new
6) The fiscal hawks might be back
7) The seasonal trade is done
There are some risks in the other direction too. Tariffs could come, the US dollar appears to be weakening, China's recent bounce could be a dead cat.
This article was written by Adam Button at www.forexlive.com. Read More Details
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