Fundamental Punchline - The yellow metal remains the world's number one safe asset. It is, therefore, a no brainer that in times of uncertainty and global instability as we have now wih the political instability created by the Isreal-Palestine crisis, investors will continue to scoop up gold as the conflict intensifies.
Technical Bias - Gold has been on a clear rally for the past three weeks and currenctly shows no signs of easing up yet. It found resistance around the 2010 round figure, this likely a temporary pause. I will be looking towards the 1987 - 1980 range for potential buy confirmation opportunities.