Gold’s on a bit of a roll. It has managed to climb back above the $1,300 an ounce mark and this time it’s staying there.
There were two main factors driving the yellow metal this week. One was that the market took Federal Reserve chief Janet Yellen’s total lack of comment on monetary policy at Jackson Hole as a fairly dovish sign.
The second was that US non-farm payrolls data came in weaker than expected on Friday. Just over 150,000 jobs were added compared to expectations [...]