With September now behind us, gold has posted six months of consecutive losses. The last time something like that happened was in 2018, which marked the end of a bear market for gold. Could we see the same trend now?
There were critical price gains this week that could signal a turnaround for the precious metal. Key developments helping gold prices are the contagion risk from the volatility in the UK markets and escalating geopolitical tensions.
Here’s a look at Kitco’s top three stories of the week:
3. UK’s market chaos, contagion risk: what it all means for gold price
2. ‘The worst is yet to come’: Euro area and UK are in recession, US is ‘flirting’ with one – Credit Suisse
1. Billionaire investor John Paulson: gold price to rise when Fed fails to get inflation back to 2%, economy slows
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