Gold Struggling For Direction

Posted by Naeem Aslam | 10/07/2018 08:07

The iShares physical gold ETC holding has touched the highest level

Gold would be an interesting play, because we have seen a lot of activity on the back of the political uncertainty over in the UK. The iShares physical gold ETC holding has touched the highest level since year. This shows traders over in London have renewed their interest in gold.  We are still far off from two weeks high of $1266 and this is despite the fact that the dollar index has been steady.  

 
Turbulence created in the geopolitics by Trump, US trade war, has had a very limited impact on the price of gold. Investors do not seem to be worried that trade war is a threat. We do think that the trade war and a messy Brexit would hurt the glocal economic growth and investors should be wary of this.   



gold-10-07.JPG

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