GLDM does not enjoy significant upward pressure from the escalating US-China trade/tech dispute due to contradictory consequences.Gold’s positioning has improved markedly since mid-May, predominantly due to speculative demand.The technical picture deteriorates.We revise our month-end forecast for GLDM from $13.45/share to $13.00/share. Source: Gold Weekly: We Turn More Cautious
3 Mining Stocks for Investors Seeking Gold Exposure
By Frank Holmes via Iris.xyz As the U.S.-China trade spat drags on, so too could the stock market volatility that has accompanied it so far this month. The S&P 500 and Dow Jones Industrial Average both fell 2.4 percent on May 13 – their worst days since January. Source: 3...
Investors Preferring U.S. Dollar Over Gold Amid Trade Wars
As U.S. President Donald Trump turns his attention to Mexico from China in the latest tariff-for-tariff battles, investors are clamoring for more cash in the form of U.S. dollars rather than traditional safe-havens like gold. Other geopolitical risks outside the U.S. in addition to the trade spats,… Source: Investors Preferring...
Gold ETFs: Fool’s Gold or the Real Deal?
Amid President Donald Trump’s trade war with China and now a new front with Mexico, gold has started to reclaim its status as a safe haven. Last week Trump tweeted: “On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico,...