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GOLD: New Records Reached as Gold Rallies. 

GOLD
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  • Gold’s ‘safe-haven’ status was evident overnight as investors focused on ongoing tensions emanating from potential US tariffs.
  • Yesterday’s weaker than expected day due to USD strength was pushed aside as gold rallied throughout the day to reach new all time highs.
  • Opening at US$2,815.41 gold’s fortunes continued to fall, reaching a low of $2,772.23; before a dramatic turnaround to touch $2,830.74.
  • Gold gave back some of the gains to close it’s US trading day at $2,814.65.
  • There was some unexpected beneficiaries from the threatened tariffs on Canada with Canadian gold stocks rallying aggressively in Monday’s trading session.
  • If the tariffs are fully implemented, there is a chance it is good for gold’s fortunes as a trade war could create inflation or could be dollar negative.   
  • Despite several materially down days, gold is already up over 6% year to date, following last years +27% rally. 
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  • Gold’s ‘safe-haven’ status was evident overnight as investors focused on ongoing tensions emanating from potential US tariffs.
  • Yesterday’s weaker than expected day due to USD strength was pushed aside as gold rallied throughout the day to reach new all time highs.
  • Opening at US$2,815.41 gold’s fortunes continued to fall, reaching a low of $2,772.23; before a dramatic turnaround to touch $2,830.74.
  • Gold gave back some of the gains to close it’s US trading day at $2,814.65.
  • There was some unexpected beneficiaries from the threatened tariffs on Canada with Canadian gold stocks rallying aggressively in Monday’s trading session.
  • If the tariffs are fully implemented, there is a chance it is good for gold’s fortunes as a trade war could create inflation or could be dollar negative.   
  • Despite several materially down days, gold is already up over 6% year to date, following last years +27% rally.