Gold opens up 2020 with a bang

Gold opens up 2020 with a bang

The markets keep going higher notwithstanding global anxiety, though it is that very aspect that has prompted the revival in gold interest over recent weeks. For a while there, the gold price was moving in the opposite direction to the equities markets in the US, but they seem to be working in parallel now. The progress made on the trade war resolution has been an obvious fillip to the market.

We have been experiencing a New Year rally in the mining sector with the Sentiment Oscillator on the way up again. As usual, the real test of this comes as people start to come back from holidays. Again, the higher the market the more likely it is that many of the juniors will seek to raise capital as many of them are still living hand to mouth.