Commodity Trade Mantra

Posts Tagged ‘US Debt Default’

China, Gold Prices And US Default Threats

Just when a possible US government debt default would send investors in a panic rush to the safety of gold, prices plunged $30 to a three-month low. There is reason to believe it was manipulation – The stakes for US in depressing the gold price are staggering.

Is Gold Still a Safe Haven? Gold Price Action Indicates Otherwise

A potential US debt default would seem to be a crisis custom made for gold, but the price action of late is telling a different story – Since government shutdown on Oct 1st and while potential for a historic default exists, the gold spot price has fallen & delivered negative returns.

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