Gold climbs as some risk aversion creeps in

Gold prices rise

Gold prices rise

Gold is at the highs of the day, up $10 to $1536 as bonds rally and US stock markets give back some gains.

The latest bump higher in gold took out the earlier high of $1535 and yesterday's late-day high of $1537.

There is a consistent and visible desire to buy dips in the market as investors slowly load up on gold.

I have been making the case for gold longs for all year long, including in mid-July.

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