Gold ended on an up note Friday amid increased investor attention thanks to the coronavirus outbreak. The lack of encouraging news about the situation over the weekend brings us to the start of another week, with gold boosted to new highs in overseas markets.
For traders, the important thing to know is that most investors had little safe haven commitment at the start of this, so there is lots of money out there that may rotate into gold. It seems that rotation may well be starting. The components of what Saxo Bank is calling a “perfect storm” are laid out in today’s featured article – definitely worth understanding.
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