Weekly Markets Monitor: Global gold demand at ATH

From gold.org

Last week, central banks across developed economies held policy rates and the new Fed Chair was nominated, while economic updates were mixed. US consumer confidence weakened even as earnings beat expectations; Eurozone GDP exceeded expectations; China’s manufacturing and service declined; and India and Europe finalized a trade deal. Global equity markets closed a volatile week mixed; 10-year Treasury yields and the US dollar moved up, while oil prices declined. Gold saw sharp swings, impacted by various factors such as shifting expectations for Fed policy, a possible correction in the previous “overbought” ... (full story)