As multiple hurricanes have destroyed many cities across the world, the whole world is watching the impact these natural disasters have on our economy.
Last week, gold rose to the highest it has been in a year meanwhile the U.S dollars tumbled in response to weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank.While natural disasters make up a good portion of the cause, lingering North Korean tensions also helped propel gold prices. Buyers are likely to continue to be driven by lower interest rates and a drop in demand for risky assets like stocks.

With the treasury yield and and stock being negatively impacted by the hurricanes, it is very likely that gold will be on a rise.