Gold prices soared to their highest level in 10 months on Tuesday, driven by technical buying, dovish central bank commentary and continuing uncertainty as the end of the 90-day trade truce between the U.S. and China draws near. The yellow metal hovered close to its 10-month high on Wednesday as investors became optimistic about a resolution to the trade war, which would be good for emerging markets and their currencies against the U.S. dollar. Q4 hedge fund letters, conference, scoops etc Stocks were still climbing on Tuesday with key indices like the S&P 500 and Dow Jones Industrial Average on…
Gold Is Up But So Is The Dollar In 2019: This May Be Why
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.