September 15, 2023 - (Gold Market Wire) - All things considered, Gold is hanging tough. Yes, we are hampered by the strength of the US Dollar, but still, we have a small flag being raised.

Considering the US Dollar's roaring strength, Gold has done o.k. - but the series of 'lower highs' has a small consolation in the Flag formation being raised out of Asia, largely propelled by Japanese buying. As the Yen continues to weaken, buying from the east is likely to persist - even if it is sold off (in Dollar terms) in the west. As ever, being long the US Dollar has been the place to be. We are of the opinion that this will continue for some time.