In the last edition of the Market Overview, we noted that “Europe has recently been among the most surprising positive economic regions in the world.” In this issue of our report, we will, as usual, provide investors with an update on recent fundamental drivers of the gold market, answering the question of how the medium-term outlook for the gold market has changed over the last month and whether the sideways trend in the gold market will finally end, given the recent gold’s jump above $1,300. We will focus on the current developments in the Old Continent, examining in detail whether the Eurozone economy has really accelerated and, if yes, what it implies for the gold market. We will also study how the yellow metal has reacted historically to threats from North Korea – such an analysis should help investors to take appropriate positions in the gold market during the elevated tensions between the U.S. and North Korea.