Tarnished gold may come to shine
Gold has underperformed other asset classes this year, but recent developments may point to a developing bottom. Is it time to start building a position?
Head of Commodity Strategy
Financial markets are growing increasingly nervous ahead of Thursday, when President Trump is expected to slap another round of punitive tariffs on Chinese imports. The dollar is seeing some broad-based gains while stocks are trading lower.
The reaction in commodities has been broadly negative with crude oil and products being the noticeable exception as momentum buyers respond to Iran supply risks and Tropical Storm Gordon currently moving through the Gulf of Mexico.