Gold charges for new high

Thursday 5 June 2025

The Market Ear on one winner as US growth fades.

Breaking out

Gold extending the move above the short term trend line. So far the bounce on the 50 day and the longer term trend line have been pretty much perfect. A close here, or higher, and we will start talking about all time highs.

Source: LSEG Workspace

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.