Gold
The dollar is softening and that was just what was needed for gold to get its groove back. Gold’s bullish trend has reasserted itself despite fresh record highs with US stocks, a calm on the trade front, and no hints of recession concerns. If gold easily takes out the 2019 high of $1,566.20 over the next couple weeks, we could see prices initially target $1,640 this quarter. The breakout could easily $1,750 by year end if the dollar continues to stumble.
The dollar is softening and that was just what was needed for gold to get its groove back. Gold’s bullish trend has reasserted itself despite fresh record highs with US stocks, a calm on the trade front, and no hints of recession concerns. If gold easily takes out the 2019 high of $1,566.20 over the next couple weeks, we could see prices initially target $1,640 this quarter. The breakout could easily $1,750 by year end if the dollar continues to stumble.
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