Gold moving higher is telling us a different story from the oil and copper rebound
Joel Elconin is with me today for a look at markets and metals. We start with the comments from Chinese media that was very market supportive/bullish. This was benefiting the market through most of today.
We then move to the metals sector. Gold continues it breakout while oil and copper have rebounded very strongly from the March lows. These assets are telling two very different stories when it comes to the expected economic rebound.