Even as the dollar strengthens, gold has retained its buoyancy thanks to the high levels of fear and uncertainty surrounding the upcoming U.S.-China trade deadline. In today’s report I’ll ask the question, “Can gold continue to ignore a rising dollar without any adverse consequences?” The answer to this question would have to be “no” based on past precedent, although there is a proviso: gold’s safety and competition (versus Treasury bonds) components will likely keep its intermediate-term (3-9 month) upward trend intact.
Even as global equities finished last week on a down note, the price of