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.
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Gold Soars To Fresh Highs As Regional Risks Rise