Tuesday, January 30, 2018

Gold price resumes upward movement as dollar fails to hold the 89 handle and volatility in stocks breaks out

On Monday the gold price fell about $15 as the dollar moved higher and strengthened its hold on the index of over 89.  However this move appears to have been short lived as a combination of higher volatility in equities along with the trend continuing for a weaker dollar has made gold a strong safe haven since bonds continue to find fewer buyers.

Gold:


Dollar Index:


Dow Jones Index (Stocks):


Volatility Index (VIX):

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