The last month of summer looks “fantastic” for the price of gold, and not very much for the S&P 500. This opinion was shared by Jim Kramer in an interview with Kitco News. The charts indicate that August this year could be one of the best for the yellow precious metal.

The technical picture now looks in favor of gold. According to the expert, the activity in the gold futures market indicates that another price rally is ahead.
Moreover, the yellow precious metal is now undervalued compared to US government bonds. “Gold is receiving support not only from the seasonal trend. Compared to government bonds, this asset is underestimated, which means it has good potential for further growth, ”Kramer voiced this opinion during an interview.