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przemyslaw-radomski

Was That the 2018 Bottom in Gold?

February 13, 2018, 7:42 AM Przemysław Radomski , CFA

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Gold, silver and mining stocks finally rallied yesterday. The upswing continues in today’s pre-market trading as the USD Index is testing the 90 level, moving a bit below it. That’s the first real rally that we saw this month. The key question is – have we just seen the 2018 bottom?

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Feb Market Overview

Gold Market Overview

In this edition of the Market Overview, we will examine what the Great Unwind implies for the U.S. dollar and gold. The tightening of monetary policy and higher interest rates could be negative for gold, but more hawkish BoJ and ECB would mean narrower divergence in monetary policies between the Fed and other major central banks.
We will answer the question of why the American currency has been falling like a stone recently, despite the Fed’s tightening cycle. We will also explore the historical bull and bear cycles in both gold and the U.S. dollar, as trend in this currency is likely to be the vital driver in the gold market in 2018.

Read more in the latest Market Overview report.

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