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Gold: Attempts to Breach $1800 Resistance
With the beginning of May’s trading, gold futures rose, supported by the weak Treasury market and the weakening of the US dollar. With the persistence of inflation concerns in all global financial markets, could these fears spur another rise in the price of gold? Gold has been abandoned since the coronavirus vaccines were announced late last year, leading to widespread confidence and risk tolerance across all global stock markets. Could the price of gold surpass the major peak of $1800 this week? The price of gold rose to the level of $1798 at the beginning of trading this week, before settling around the level of ... (full story)