Gold Weekly: We Turn More Cautious

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

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...