gold gcq: Safe havens shined brightly Tuesday as global slowdown worries are growing, said Edward Moya, senior market analyst at Oanda, according to Market Watch. The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon. Investors favored haven assets, such as gold, on the back of weakness in the U.S. dollar and losses in the U.S. stock market. August gold GCQ19, -0.35% rose 18.70, or 1.4%, to settle at 1,408 an ounce. There is a continuity to buying the big dips, selling the big rallies as we also continue to stay in the new higher trading range of 1,385- 1,450, said George Gero, managing director at RBC Wealth Management, in a daily note. The precious metal saw prices drop 24.40, or 1.7%, on Monday, representing the steepest dollar and percentage decline for most-active futures contracts since June 2018, according to Fact Set data.
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