Geopolitical Risks Push Gold Higher

Hello MarketClub members everywhere. As the geopolitics risks rise around the globe traders are heading for the traditional safe havens of gold and the yen. Both have rallied to five-month highs while Treasury note yields approached the lowest levels of the year.

Meanwhile the dollar has softened and oil has extended its winning streak to five days.

MarketClub's Mid-day Market Report

Key levels to watch this week:
S&P 500 (CME:SP500): 2,381.93
Dow (INDEX:DJI): 20,970.04
Gold (FOREX:XAUUSDO): 1,247.68
Crude Oil (NYMEX:CL.K17.E): 52.29
U.S. Dollar (NYBOT:DX.M17.E): 98.67

Every Success,
Jeremy Lutz and

One thought on “Geopolitical Risks Push Gold Higher

  1. Gold will go up in two scenarios,
    First one: attack of US on a new country (new risk factor on the market),
    Second in case of Bitcon pitfall - investor will come back to safe heaven.
    Right now there is no way to artificialy produce so big amount to imnfluence
    of it's price on the market.

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