July 01, 2019

Gold dropped below $1,400.00 on renewed trade hopes between the US and China after a fairly successful meeting between President Trump and Xi this weekend.  The US dollar is up 0.60% after the meeting, its highest level in nearly two weeks.  Equities, which have surged recently on the likelihood of a rate cut, are also up on the renewed trade optimism, despite what it likely means for interest rates.  Even with its recent drop, gold finished June up over 7%, its best monthly performance in 3 years.