GOLD RALLY EXTENDS

The US DOLLAR fell against its major peers yesterday extending its latest correction triggered by Trump's decision to delay tariffs on Mexico and Canada. Gold extended its rally to new record highs yesterday as the slide in Treasury yields has reduced the opportunity cost for holding the precious metal.The continuation of gold steep rally confirms the notion that regardless of whether the dollar rises or retreats ,the current environment is positive for gold, either through safe heaven inflows or due to increasing Fed rate cut bets.

current target for gold $3018