It has been a shaky month for gold investors, and some worry that the metal’s extraordinary bull run might be ending. While there are some technical challenges that gold faces heading into the fall season, fundamental and sentiment-based factors argue in favor of gold’s intermediate-term (3-6 month) upward path remaining intact. Here we’ll review this evidence as we also examine the challenges for gold that lie ahead in October.
Volatility has been a constant theme in the past month; and not just for stocks and commodities such as oil. The gold price, which for most