June 21, 2019

Gold breaks $1,400 for first time in nearly six years!  Gold’s August futures price reached $1415.40 in overnight trading for the first time since September 2013 as oil prices surged due to increasing tension between the US and Iran after Iran shot down a US drone in international space.  Gold has retreated slightly but is holding steady in the $1395 range and is still up over 7% in June as investors continue to digest the Fed’s dovish tone and the increasing likelihood of a rate cut in July.