Hi. Most would assume gold is the safe haven and hence the price keeps moving up despite equities moving up too significantly. Strange indeed for such situation. Might be due to large demand from certain countries' strategy to strengthen reserve etc.
May be quite different from equities pull back scenarios.
I guess it wouldn't pull back much even if breach 5k, unless countries level offload it. cheers. [Smile] [Smile]
Gold Rebounds Strongly! Is the Bull Market Back on Track?
After two days of sharp selloffs, gold and silver staged a strong rebound. Spot gold climbed back above $4,800/oz, rising more than 3% intraday, while silver surged 5% to reclaim the $83 level. The bounce comes amid extreme volatility across risk assets, as investors reassess positioning after forced liquidations and margin stress earlier in the week. Is this rebound signaling a renewed rally? Or are gold and silver still vulnerable to further volatility ahead?
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