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TDUX
Nov 04 - 04:55 AM
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Gold - Dollar's Vulnerability Following Election Could Spur A Gold Rally

By Jeremy Boulton  —  Nov 04 - 03:21 AM

• There was a lot of uncertainty before election, more after

• Stocks wobbling, bonds previously sold to extremes

• Several emerging market currencies under great stress

• Traders turned to the dollar and established many longs

• Risk of policy gridlock set to undermine USD

• Flows out of USD may head to gold, up $160/oz this week

• 200-WMA at $3882 is key support, foundation for rally

•
Gold


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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