Tuesday 31 October 2023

When precious metals rise for the wrong reason ...

Halloween is a moment to look back at the month of October ending. Gold plunged into October, putting down a bottom at $1820.2/oz on 5 Oct. The cruel invasion of Hamas terrorists into Israel on Sat. Oct 7 sparked the reversal. The yellow metal gained $100/Oz during the following week. On Friday 27 Oct gold once more broke above the psychologic $2000/oz.