Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2020

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Gold sold off on Friday (1/8), closing just below the 200-day moving average at $1,835.40 per ounce (see the following chart).

However, the decline was not matched by a significant rise in the U.S. dollar, which remained in a severe downtrend (see the following chart).

“Analysts say the global [gold] benchmark is poised to touch $2,300-2,350 per ounce levels this year,” reports NDTV. “‘Evaluating the broad fundamentals, gold is likely to maintain its charm as macroeconomic factors seem supportive for the metal, …’ New Delhi-based financial services company Religare Broking said in its outlook for 2021.”

Rick Andrews is president of Avant Capital Management.



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