While gold’s forward progress has been temporarily halted after hitting a peak last month, the metal continues to enjoy strong institutional and retail support. What’s more, renewed coronavirus fears have lately given gold a renewed safety bid, while the global interest rate outlook is even more supportive for bullion prices. In this report, we’ll discuss these main supporting factors, which argue in favor of gold making new highs in the coming weeks.
After spending the first two weeks of February below the Jan. 31 peak, gold and gold ETF prices are showing signs of life