Gold is higher for the third day, climbing $6 to $1906 as demand for safety dominates the global investment landscape.
One of my favorite trades is to fade geopolitical fear and the persistent worries about Russia qualify. Of course there’s a risk that Russian soldiers cross the border but it’s still a low-probability outcome. If it does happen gold prices will surely shoot higher ($100-$200 is not out of the question) but I think that would be the true opportunity to fade fear.
Gold daily
