PHYS - Gold soars to the topside in midday trading

Gold is on the rise in the middle of trading on Monday, +1.25% so far and trading at $1,865/oz. Gold is now trading at over a 3-month high and approaching a four-month high. Gold has not seen the level its at since February 1st and is now +11.24% since its year-to-date low back on February 8th.Additionally, gold is now eyeing the $1,880/oz watermark as it continues to climb among market fears and a risk-off sentiment. Furthermore, as gold has been rising today, bitcoin has come down -8.46%.Investment analysts are looking at gold through two separate lenses. On the one hand, a rise in inflation and inflationary pressures should support the price of gold. However, analysts are also focused on the Fed and rising interest rates. Traditionally rising rates don’t favor the price of gold.Investors who have positions in gold and are watching the precious metal may also want to analyze a few exchange traded funds. See

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Gold soars to the topside in midday trading