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Fed's Mester backs November taper; George says test has been met

Gold gains to three-month high on drop in yields, retail sales


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After slumping in the first quarter, gold has been on the mend amid uncertainty over the pace of the global recovery from the pandemic, rising inflation expectations and assurances from the Fed that monetary policy will remain accommodative. Investors may be warming up to the precious metal again, with hedge fund managers increasing their net bullish gold bets to the highest in three months, while data compiled by Bloomberg show holdings in bullion-backed exchange traded funds climbed for a sixth straight day. ....

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This weekend s Barron s cover story presents the results of the latest Barron s Big Money Poll.
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