By Jeremy Boulton — Sep 11 - 04:55 AM
The surge for gold has drawn many buyers
While gold investments don't look overcrowded they are large
Assets many hold are not so safe and gold isn't overly liquid
Compared to major currencies gold lacks depth and some majors move a lot
USD/JPY slumped 161.96-141.68 between Jul-Aug when many were short yen
Pause in gold's rally allows for further gains - next big target is $2554
Peaks 20-day/month Bollingers around $2536, 20-week peak $2550
Investors may return to a safer dollar nL1N3KT0AW
Source:
Refinitiv IFR Research/Market Commentary