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Gold At Its Safehaven Best

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Gold_Commodity_Index_(GOLDS)_%,_Cumulative_Performance_TMMChart.png

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Editor’s remarks:

Gold is having quite the year with the year-to-date performance being one of its most impressive over the past 30 years. However, as a safe haven, it is expected that the commodity should see a decrease with the Fed to raise rates soon and the dollar strengthening post the hike. After last week’s poor non-farm payroll reports, it was no surprise gold performed well on Friday and that continued into Monday. Many analysts are preparing for the Fed to wait for post-election reactions. However, Fed committee members are scheduled to speak this week and, after how vocal members have been recently, perhaps the party may change tune sooner rather than later.

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