The tech-heavy Nasdaq COMP, -2.26% keeps setting new records, and gold is GC00, -0.55% on a roll, closing at its highest level since 2012. That is not the typical correlation, but then these aren’t typical times.
Gold is viewed by the market as a zero-coupon bond, so when inflation-adjusted Treasury yields head lower, the relative attractiveness of gold increases, Weston points out. He is bullish on gold — $1796 is his next target — but he says the clear risk to gold is higher real yields and, oddly, a selloff in equities could hurt the yellow metal if it causes dollar DXY, +0.44% strength.The recent spike in coronavirus cases was in the spotlight as the governor of Texas urged residents to stay home and let cities and counties impose stricter rules.
When I start seeing these kind of articles I know its too late to go long reversal is imminent.
Pump and dump of Nasdaq 💩
Gold is rallying because the Fed is making it clear that the USD is nothing but a useless piece of paper.
the same thing that made it rally in the past, duh!
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Why oat milk and oat cheese could be the future of dairy-free prod - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »