As risk aversion accelerates the flight to safety, bulls return to the yellow metal   


08 May 2019 : It has been a positive trading week for Gold thus far thanks to renewed US-China trade tensions and concerns over slowing global economic growth. The precious metal has punched above $1290 today and is positioned to trade higher as risk aversion accelerates the flight to safety. A daily close above $1287 is likely to signal a move higher towards the psychological $1300 level.


Source: Lukman Otunuga, FXTM Research Analyst


Reporting for EasyKobo on Wednesday , 08 May 2019 in Lagos, Nigeria


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