| After being out of favor for three years, gold is shining again, gaining close to $200 in the last month alone. Technical analysts are very excited with this big jump in the price of the yellow metal, as the gold chart recently formed a “golden cross,” whereby the 50-day moving average is trading above the 200-day moving average, suggesting that the gold rally has legs.
Traditionally gold is a good hedge against the prospect of runway inflation. But there’s not much of that around in most parts of the world these days. However, there’s plenty of anxiety over central bank policies that have left investors confused over the direction of interest rates and major currencies...............................................Full Article: Source
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