Both of gold’s key components are now bullish

Seeking Alpha/Clif Droke/3-6-2020

“For the last few months, gold has had the benefit of a strong “fear factor” as investors retreat to the safety of the yellow metal in the face of mounting global health and economic concerns. Missing from the equation, though, has been a strong currency component for the metal due to the dollar’s persistent strength for much of the past year. Finally, however, gold now has both a strong fear factor and a supportive currency component for the first time since 2018.”

Line chart showing spike in VIX the fear index

This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.