Long Gold Trade in Play

With the soft Job Numbers, a weaker Dollars and North Korean threat looming increasingly, gold looks have broken the 1300 USD resistance and seems to be going higher in the short term. Soft Job numbers further have dented an immediate FED hike which also augurs well for this non yielding safe haven asset.

It may not be a bad idea to diversify your asset portfolio as the stock market will mostly be in a downward pressure in a risk off scenario whereas Gold may gain due to increased demand due to global turbulence.