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Gold has broken a key resistance level and is attracting investment into exchange-traded funds as the dollar weakens. The Fed appears set to cut rates, and China is buying to stock reserves.
The article is subscriber-only and this excerpt covers the bull case.
A gold rally driven by a weaker dollar and Chinese reserve buying reflects broader macro and safe-haven demand rather than a direct change in feed grain supply.
bloomberg.comElena MaznevaJun 20, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
