Gold Rebounds Amid Positive Economic Reports

From sunshineprofits.com

Several economic indicators have surprised us on the positive side. Nevertheless, the price of gold has rebounded. Finally! The price of gold has been rising recently. As the chart below shows, the yellow metal rebounded from the late March bottom of $1,684 to above $1,770 on Friday (Mar. 16). This could be a promising start to the second quarter of 2021, which looks better than the first. As you know, gold struggled at the beginning of the year, falling under strong downward pressure created by the improving risk appetite and rising bond yields. But the strength of these factors has begun to fade. You see, it seems ... (full story)