Last quarter, gold-focused funds saw their biggest quarterly inflow since 2016 - taking gold to six-year highs.
In addition, China has bought over 100 tons of gold since the trade war started.
The recent rally in gold was in spite a very strong US$. That certainly bodes well for the future of the precious metal.
In the meantime, Newmont's acquisition of Goldcorp (at a slight premium) was announced on January 14th, when gold was ~$200/oz cheaper.
A stalled market and global economy, massive political and trade uncertainty, and massive US Federal deficits all mean the stars aligned for a continuation of the gold rally.
As my faithful followers know, when it comes to investing in gold I much favor owning US gold coins as opposed to "paper gold" or the gold miners. However, the dip in Newmont Mining (