Gold futures hit first higher high in 8 days as demand surges | Metals Mine

  • Gold futures hit first higher high in 8 days as demand surges

    From youtube.com/cmegroup

    Bob Iaccino discusses the recent performance of Gold futures, which posted their first higher high in eight sessions despite failing at key resistance levels. The segment explores how the U.S. Fed, Bank of England, and ECB are holding interest rates steady, citing the Iran conflict as a significant driver of energy cost pressures. Iaccino breaks down the latest Q1 data showing total gold demand reached 1,231 tons—a record value of 193 billion—fueled by a 42% surge in bar and coin investment from Asian buyers and continued central bank accumulation, including a 20-ton addition by Poland in February.
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