| The rally in precious metals and related stocks continues to push higher as the SPDR Gold Trust hits a new five-month high. The initial rally was spurred by oversold technical levels, but the last few weeks the fuel has been moves by central banks around the globe. On Wednesday, Canada was the latest country to surprise the markets with an interest rate move. Next up is the European Central Bank.
Even though the moves have hurt the value of the local currencies and helped push the U.S. Dollar Index to multi-year highs, gold has been viewed as an alternative. Typically, the U.S. dollar and gold move in inverse relationships, but this time may be different...............................................Full Article: Source
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