Gold and silver prices are surging due to safe-haven demand amid geopolitical tensions and economic uncertainty, with gold reaching a record $2,758.49. Demand for gold is also spurred by inflation concerns, as seen in retail sales at Costco. Investors are diversifying portfolios, increasing the appeal of precious metals as a hedge.
The gold market continues to see some technical buying amid a bullish chart posture.
Gold is at an inflection point post-Fed with prices pulling back on improved market sentiment and lower safe-haven demand.
Since it’s not possible to predict an exact date, those who don’t wish to be casualties of the collapse may wish to prepare for it.
Savvy investors have continued to seek out ways to ensure that their portfolios remain diversified against unforeseen plunges in other markets.
The collapse of the trade talks between the U.S. and China was the primary driver for stock market moves this week. Ongoing uncertainty over the Brexit negotiations was also a factor in market volatility as well as increased tensions in the Middle East.
Kite in a Tree.
An article by Jeff Thomas.
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