Most-active gold contract rallies, suggesting ‘not all is well’: strategist

Gold for December delivery, a most-active contract, was up 2.8% at just above $4,110 per ounce Monday morning, amid lingering concerns about U.S.-China trade tensions and in contrast to the optimism being seen in U.S. stocks

In a note, Thierry Wizman, global foreign-exchange and rates strategist at Macquarie Group, wrote that “not all markets are behaving as if the worst has passed. Gold continues to rally, as if to say not all is well with the world.”