Gold’s Zig-Zag Waltz: Will It Tango to $5,200 or Trip on Its Own Feet?

Rashad Hajiyev, the soothsayer of commodities, observes that gold is “grinding higher in a zig-zag pattern,” a phrase that might as well describe a hedgehog attempting to cross a busy highway. Over the past year, she has soared by 72%, buoyed by geopolitical theatrics and central bank suitors. Yet, her volatility has left some traders nursing wounds, a stark reminder that even the most glittering of assets can bite the hand that feeds it.





