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The Dollar gold price flirted again with $2000 per ounce Monday after bullish speculation in Comex futures and options made its 2nd fastest jump on record amid Israel s deepening incursion into Gaza ....
The decline in ETF activity is linked to rising real interest rates in the US, which reached a 15-year high of 2.47% for 10-year TIPS. This trend has diminished the appeal of non-yielding gold, indicating that the recent 9% increase in gold prices since October 6th was primarily due to speculative safe-haven demand ....
The gold price leapt again Friday, hitting $2000 per ounce on the most-active Comex contract and setting new all-time highs in JPY, AUD, CNY, EUR and GBP even as bond yields held at multi-year highs and gold ETFs shrank yet again amid fears of the Israel-Hamas war spreading ....
The gold price extended yesterday s jump to 1-week highs overnight Tuesday before losing $10 per ounce after the GLD and IAU gold ETFs shrank despite the sudden Hamas-Israel war ....