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Jim Wyckoff

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Gold market showing keen resilience

February 7, 2020 by Jim Wyckoff

The gold market has wobbled a bit recently and bulls need to show more power soon to restart a price uptrend on the daily bar chart. However, the gold market bulls can correctly argue their metal has shown keen resilience in the face of their competing asset class, equities, performing very well, including the U.S. stock indexes hitting record highs this week. There are still elements in the global marketplace that will support safe-haven demand for gold, including the main one right now being the coronavirus outbreak that threatens to crimp global economic growth. Stay tuned!–Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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