UGL - Gold Stocks Are Looking Better Than The Metal
The gold market has been moving higher since reaching a low at $1161.70 in mid-August. The yellow metal moved above the $1300 per ounce level in early 2019, and after a brief correction that took the price of April futures to a low at $1281.50 on January 24, the price quickly turned higher and reached a new peak at $1331.10 on the final day of last month.
The most recent Fed meeting was good news for the gold market. A more "patient" central bank when it comes to rate hikes will likely keep a lid