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Gold Slips, Needs New Catalyst as Record-Low Real Rates Fail to Stir Prices
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Gold Prices Stuck in Summer Doldrums After Comex Bulls Cut by 1/3rd Following the Fed
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Gold Bars in China Show 1st Premium This Month as London Price Sinks $100 for Week on US Fed News
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Monday, 5/24/2021 14:45
GOLD PRICES held firm near 4.5-month highs Monday lunchtime in London, trading around $1880 per ounce after investors made net inflows to gold-backed ETF trust funds, speculators grew their bullish bets further on Comex derivatives, and crypto-currency Bitcoin hit more extreme volatility over the weekend,
writes Atsuko Whitehouse at BullionVault. The spot gold price rose another 0.5% in early trade to reach $1882 per ounce – its highest since early January – after rising 3 weeks in a row. After this recent run, gold is ready for a correction, says the latest daily gold-price and precious metals note from Rhona O Connell at brokerage Stone X Group Inc.
Gold Prices Extend Rebound as Biden s Stimulus Risks Inflation Ahead of Key US Fed Meeting
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