Gold Jumps To 8-Month Highs As Geopolitical Chaos Reigns

Gold extended gains to an eight-month high as fallout from geopolitical turmoil including US-China trade tensions, a WW3-inducing Venezuelan ‘coup’, and Brexit uncertainty has spurred demand for the safe-haven metal.

 

Spot gold is now at its highest since May 2018 against the USDollar…

Gold is also strong against the yuan (but not breaking out yet)…

And against the pound…