Golden mystery to resume?

Friday 10 May 2024

The Market Ear with more.

Just a pause?

Gold has had a great run. Is this just a much needed consolidation before the next move higher? We are well above the 50 day still. 2340 is the short term resistance to watch. A close above it and things risk going squeezy again…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.