reversal

While optimism over the reopened government and a potentially accommodative Fed supports gold sentiment, a reversal could occur if the data change unpredictably.

The reversal in fortunes has popularized the notion of a K-shaped economy, in which, like the letter, the upper arm rises while the lower arm droops.

What’s more heartening is that this month’s run-up adds juice to a stop-and-start reversal that began early this summer, but seemed to have lost steam in late October.

That suggests the easy money has already been made and raises the troubling prospect that any small reversal could turn into something like a stampede—if investors all rush to exit at once.

A mother who has two children in early education schools, Hajara Musa, said she supported the reversal as it would help young children to learn English at an early age.