The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Singapore Sales Trader
Back In November 2018, I wrote an article titled “Tarnished gold may come to shine” as our view at the time was that gold was bottoming in tandem with Federal Reserve rate hikes. Let’s revisit the precious metal: after its recent rally back to the psychological $1,300/oz level and its peak at 1346.80/oz, gold is once again shying away from the $1,350/oz handle.