Gold reached a high of $2,522.50 on Friday before falling back amidst a weak jobs report and fears the Fed waited too long and a recession is underway.
Gold once again made new all-time highs and, for the first time ever, hit $2,500. But these round numbers also bring out a tendency to sell once they hit them.
I'll discuss factors affecting gold in September, focusing on whether the stock market is starting a major four-year cycle low or just experiencing a typical intermediate cycle pullback.
While demand is collapsing for growth commodities, there's no collapse in demand for gold. There are pockets of weakness in the jewelry sector, but there’s much more strength elsewhere.
