Market Minute – Gold: Consolidation breakout generates fresh momentum

The gold price has achieved an upside breakout from the falling wedge consolidation that had lasted since January; what’s more, it has clearly pushed well past the 200-day average. The positive technical set-up, uncertain geopolitical situation and other structural factors – in particular the financial markets’ loss of confidence in the US dollar as reserve currency and in US government bonds as a safe haven – open up additional upside potential for this precious metal towards the USD 6,000 level.

What does the current situation mean for investors? Read the views of our experts in the latest edition of “Market Minute”.