Gold continues to outperform the weakening Canadian dollar, hovering near C$4,000 as the Bank of Canada lowers rates and ends quantitative tightening. Meanwhile, tech stocks struggle due to concerns over AI competition, and U.S. bonds rise as investors seek safety amid market volatility.
The Precious Metals Week in Review – January 12th, 2024
According to some analysts, the gold market is still caught in a tug-of-war as investors try to anticipate the Federal Reserve’s next move.