Gold runs higher. Up over 2% on the day
Up $35 on the day
Drilling to the hourly chart below, the contract on Friday and again early today based above the 200 hour MA (green line at $1612.40) before moving higher. The March 11 high price peeked at $1671.31. That is the next upside target.
Safe haven flows? Well when stocks moved lower it was because investors were selling gold to cover losses elsewhere (or so was the story). Inflation? Not now but with ALL central banks going all in, if the virus blows over, what happens when things go back to normal?