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Gold Daily Review August 11, 2017

Gold Daily Review for August 11, 2017

How Goldman Sachs legend Dina Powell became Trump’s national security star

Dina Powell was the highest ranking Arab-American in the Bush administration. After making millions on Wall Street, she’s back in the White House.

 

GUNDLACH: Gold’s chart has ‘one of the most bullish’ patterns around

Gold has rallied almost 3% since the news broke on Tuesday morning and is now trading at its best level in more than two months.

 

RAY DALIO: Risks are rising, and everybody should put 5% to 10% of their assets in gold

If things go badly, “it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit,” according to Bridgewater.

 

Gold settles at 2-month high amid geopolitical tensions

Gold prices on Thursday finished at their highest level in more than two months Thursday, adding to the previous session’s sharp daily rise, as simmer

 

Gold Prices May Shrug Off US CPI Data as Risk Appetite Collapses

Gold prices may continue to find support as geopolitical jitters sour market sentiment even as US CPI data points to the first inflation uptick in

 

Have a nice trading!




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