Gold Hits a 5000-Year High – Now What?
The last time gold traded at the current price, Pharoh Manes ruled Ancient Egypt during 3000 BC. Whenever you witness such a momentous price level breached, it’s important to ask what factors are driving such price movements. In this week’s market update, we will review the factors we think are driving the move in gold, the importance of the recent OPEC oil production cut, and how these events could impact your portfolio and our approach to asset allocation.
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