Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
Head of Commodity Strategy
Summary: The uptrend in gold that was established after hitting a low point in August has so far been prevented from extending further beyond $1,240/oz while palladium prices have entered a pronounced rally.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity