Gold continues to lose positions

Gold fell yesterday after investors were eagerly awaiting the announcement of the new Fed leader who would feed the dollar. At the same time, US indices are trading very close to their record highs.
President Trump told the media on Monday that he was "very, very close" to his choice of a new Fed leader.
The spot price of gold fell by 0.5% to $1 276 per ounce after falling to $ 1,271.86 an ounce a day earlier.
Gold futures with delivery in December fell by 0.2 percent to $1 278.9 per ounce.
The spot price of gold lost 6 percent of its one-year high on September 8, at a level of $1,357.54 per ounce. Expectations are that the Fed will raise rates in December for the third time this year.
Gold also does not receive support in the direction of geopolitical uncertainty. Recently, there is nothing new about North Korea, or the situation seems quite relaxed.

El-Erian: Only an external shock like North Korea can stop the stock rise

Allianz chief economist Mohamed El-Erian said he is concerned about what is happening with North Korea and potential mistakes by the Fed on monetary policy.
Investors felt comfortable in recent years that central banks supported them. But will this change?
Promises of "synchronized economic recovery" are not as strong as guaranteeing high asset prices, El-Erian said.
According to him, we need to see a series of significant events, or a bigger shock that would pull the market out of the rails. It is not easy to remove the market from its tracks.
Regarding the potential shocks that worry El-Erian, he pointed North Korea to do something very stupid, followed by such a reaction on the part of the United States.
El-Érian also worries about a possible error in the monetary policy of the leading central banks around the world, given their lenient policy since 2008.
Buying any correction is already a strategy that makes sense given the historical performance of the indexes. The question, however, is how long this strategy will work. And it will work until it stops working...

Shares are cheaper, the dollar and gold are rising after Trump's threats

Global stocks fell and gold rose after US President Donald Trump said in connection with North Korea's provocations that they would be welcomed with fire.
The dollar appreciated against other major currencies as a result of increased uncertainty.
The S&P 500 index ended with minimum daily values ​​yesterday, following Trump's comments.
Trump's comments came after earlier yesterday from the capital of North Korea said they were ready to give Washington a cruel lesson of available strategic nuclear power in any US military action.
Serious increase also registered the volatility index. After the previous day VIX ended at a level below 10 points, it grew heavily yesterday, ending at its highest levels for a month.
The dollar rose by 0.5% against the euro to 1.1730 dollars for one euro.
Gold added about 1% to its value, following increased geopolitical tension, rising at trading levels of more than $1,273.