GOLD

Gold spent the previous week consolidating under the historic highs with Friday’s attempt at a rally failing to get near 2411.45 for a long wick at the close. At this point it appears much of the global tensions have already been priced in by the market and unlikely to fuel further safe haven plays short…

Gold’s rally since February has largely been fueled by a combination of safe haven plays and talk of Central Bank demand as inflation expectations pointed to an upcoming easing. Two months later we see the yellow metal at historic highs though unable to hold Friday’s pop higher for a long wick in daily charts. Resistance…