By Jeremy Boulton — Feb 05 - 02:28 AM
• Gold's boom to $2861/oz record reflects gravity of current situation
• Tariffs or delays to them support risk aversion favouring safer assets
• Yen and CHF which are also considered safe have risen
• Dollar's setback in last 24 hours is due to its stretched rise
• An overbought situation has been alleviated allowing for bigger $ rise
• Some demand for gold stems from will to spread risk away from USD
• BRICS nations seeking alternate to USD are likely buyers of gold
•
gold
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters