By: Jonathan Garber August 11, 2017
Gold has rallied 2.3% this week on the heels of renewed tension with North Korea. It is trading at its best level in two months, and is threatening to crack the $1,300 level for the first time since the day following the US presidential election.
Gold is viewed as a safe haven asset that investors flock to during periods of uncertainty.
GUNDLACH: Gold’s chart has ‘one of the most bullish’ patterns around
By: Jonathan Garber Aug. 10, 2017
Gold has been gaining steam over the last couple of days following news that North Korea could make nuclear warheads small enough to fit on missiles and the intense rhetoric that followed between President Donald Trump and North Korea’s army.
The precious metal has rallied almost 3% since the news broke on Tuesday morning and is now trading at its best level in more than two months.