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IAUM - Gold Soars To Fresh Highs As Regional Risks Rise
iShares Gold Trust Micro
2024-06-12 05:05:00 ET
Summary
Gold has been supported this year by strong central bank gold buying and robust demand from Asia, especially China.
Gold equities continued to significantly outperform gold bullion in May.
Gold mining companies face many risks related to the regions where they operate.
Gold surged to a record $2,450 in May, driven by strong central bank buying and Asian demand. Miners outperformed, but gold eased by month's end due to a stronger dollar and higher bond yields.