Risk on or off?
Gold and oil prices are rising, but the uptrends are different, which calls for caution in trading and investing.
Add BT as a preferred sourceWHAT is left to worry about? North and South Korea are moving towards rapprochement. The risk of a presidential tweet appears low as US President Trump has been nominated for a Nobel Peace prize. There seems to be a reduction of tensions in the Middle East and the threat of a trade war has apparently diminished for all except steel and aluminium producers.
So why are the primary risk trades - gold and oil - showing rising trends? If these trends are sustainable, then it suggests that the recent sigh of relief may be temporary. Surprisingly, these two trends show some very different characteristics.
We start with gold and its partner in risk, silver.
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