Connect with us


Gold At Its Safehaven Best

 1 min read / 


Share this chart

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.

Have your say. Sign up now to become an Author!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend