Daily Alert – Wednesday 5th August 2020: GOLD hits new all-time high
The desire for GOLD remains unsated. The precious metal broke through the USD2000/oz level yesterday and continues upwards. Equities are grinding up as well, but sentiment is hardly risk-on, so I am not comfortable trading these instruments.
Currencies are sorting themselves out – the JPY is moving consistently in one direction and the commodity currencies in the other. Just as they are supposed to.
I hope you are making some pips or points.
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