Spreadex Market Update
European markets concluded positively
While stocks and other risk assets performed well, one notable underperformer has been gold. Regardless of the reasons to own gold – and there are a few – the market is extending its dislike of the yellow metal, making the case for putting money to work in other places more compelling. If gold is to retain the majority of its credibility in the near-term, prices will likely need to hold the earlier lows.
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