Western investment in gold ETFs and bullion is badly underweight as global stock markets start to retreat, copper slips from its new record highs, but the Federal Reserve refuses to start cutting interest rates for fear of inflation rebounding
Both the gold and silver price spiked early Monday in Chinese trading, squeezing Comex bears and hitting fresh all-time and 12-year highs respectively as news of Iran s President dying in a helicopter crash was confirmed
Gold prices sank on Friday, losing almost 5% from April s record high and hitting 1-month lows despite surprise weakness in US jobs, wages and ISM services numbers driving real interest rates sharply lower
The price of gold reversed an overnight rally in London trade Thursday, steadying around $2300 and giving back the $30 gained on yesterday s higher for longer statement from the US Federal Reserve
Both gold and silver prices cut this week s steep drop on Tuesday, rallying from a sharp 1-day loss even as real interest rates continued to rise in the bond market