Are you sufficiently scared? Will you stay away from the metals now (please).
Remember that the options for the June gold contract expire next week, the 25th. Just keep that in mind when you see these games being played.
You know the market is a strange place. What do we see today with the Fed threatening to raise rates in June? Dollar up, bullion down, markets whipsaw.
Apparently no one remembers what happened after the Fed hike in December.... Bullion turned up, the dollar down and the markets tanked. Oh the folly of short term memories. Having no critical thinking skills makes these traders no better than Pavlov's dogs.
Gold Price Today Closed at $1256.20 Up $8.60 or 0.7%
11 hours ago