December 26, 2018

Gold continues to hover near six-month highs today as equities pull back from yesterday’s historic gain.  After breaking its 200-day moving average last week, gold moved to new levels as profit takers and risk avoiders are once again looking towards gold as a safe haven.  European demand for gold spiked this week as Brexit turmoil is at the forefront.  Gold ETF’s also report another monthly increase in holdings reaching its highest level since August.