Overwhelming concern regarding the spread of the deadly outbreak of the coronavirus in China has morphed into a legitimate global concern about the repercussions that go far beyond the health of individuals.
Recent Reports
On yesterday’s report we spoke about how our technical studies indicated that gold would trade higher, moving to between $1575 and $1594.
Gold prices recovered modestly gaining six dollars on the day, with February futures currently fixed at $1562.70. The last three trading days can be characterized as a series of lower lows.