If the pattern that gold followed in the wake of the financial crisis is repeated (and it’s echoing remarkably so far) it will drop 45% from the last record high. IGTV’s Jeremy Naylor follows up on the developments so far.
The new week has started off with an exceptional rise in volatility with FX markets in particular suffering an extreme jump on the back of the extreme drop from GBPUSD and EURUSD. While seasonality sets a troubling tone, the range of key technical levels and underlying fears around recession mark a converging storm.
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