Here’s a Thought! 24 June, 2020, by Vladimir Rojankovski, Grand Capital' Chief Analyst
Gold futures reached new highs in seven-and-a-half years, lifted by a favorable combination of ubiquitous low interest rates, unknown fallout of U.S.-China tension and a weakened by the Fed’s policy U.S. dollar.
August Comex gold settled higher +0.8% at $1,782/oz, marking the highest settlement for a title futures contract since October 2012.
The endless series of Fed’s stimuli coming almost monthly like a payday is not only inflationary but also painting a weaker picture for the economy and making gold look increasingly attractive to own.
Gold futures reached new highs in seven-and-a-half years, lifted by a favorable combination of ubiquitous low interest rates, unknown fallout of U.S.-China tension and a weakened by the Fed’s policy U.S. dollar.
August Comex gold settled higher +0.8% at $1,782/oz, marking the highest settlement for a title futures contract since October 2012.
The endless series of Fed’s stimuli coming almost monthly like a payday is not only inflationary but also painting a weaker picture for the economy and making gold look increasingly attractive to own.