Bullish momentum in the gold price paused after it reached record highs in early August. Strong stock market performance, rising interest rates, and increased global economic activity created headwinds for the gold price. As a result, the LBMA Gold Price AM in USD and the SHAUPM in RMB fell 0.95% and 2.13% respectively in August. In addition, positive news around the development of a COVID-19 vaccine also raised optimism among investors.4 With RMB strengthening and Chinese Treasury yields rising further during the month – chiefly driven by the continued improvement in the domestic economy and policy makers’ prudent ... (full story)