Gold joins bonds in being bought at the highs and sold at the lows by central bankers | Metals Mine

  • Gold joins bonds in being bought at the highs and sold at the lows by central bankers

    From notayesmanseconomics.wordpress.com

    As you can see not only has there been quite a move recently the changes since the Bretton Woods announcement look quite extraordinary. If we start with the recent move this is where we stood when I took a look on the 31st of January. Spot gold rose 1.2% to $2,793.25 an ounce by 11:50 a.m. ET, having hit a record $2,798.50 earlier in the session. US gold futures gained 1.9% to $2,846.20 per ounce. Whereas today we see this. On the international stage, gold prices soared on Friday as investors flocked to safe-haven assets in light of Israeli airstrikes on Iran, which rekindled fears of a broader Middle Eastern ... (full story)

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