Why the Risk-to-Reward Ratio Could Favor Gold Bulls Now

Why the Risk-to-Reward Ratio Could Favor Gold Bulls Now

Gold prices (IAU) have been on an almost one-way downward trajectory since mid-April. Although the Federal Reserve didn’t raise rates during its August meeting as was widely expected, it sounded more bullish on the US economy (SPY)(DIA). The Fed was also upbeat on household spending and business fixed investment in the US.

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