NEM - Gold Speculators Pave Ground For 'Multi-Year Bull Market In Metals' | Benzinga
The price of gold continues its record run.
Speculators are piling into the precious metal at a rate not seen since 2019.
The price of gold futures dipped by 0.1% on Monday. But, a series of new record highs were struck last week. Over the five trading sessions of last week, gold added 4.3%
Exchange-traded funds that track the price of gold notched up similar performances. The SPDR Gold Shares ETF (NYSE:GLD) gained 4.5% over the week; the iShares Gold Trust ETF (NYSE:IAU) climbed 4.6%.
Also Read: Gold Stocks Could Gain In Catch-Up Rally, Says Peter Schiff: ‘Explosive Move Up Can’t Be Far Away’
The investment environment behind gold’s recent performance is a Goldilocks scenario of “just ...