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Central Banks Are Selling Gold Right Now — And Still Buying More
Markets began the week with yet another reminder of just how quickly the picture can change. Gold briefly slipped below $4,000 an ounce yesterday before recovering above $4,070 today. Silver has rebounded more sharply, while oil climbed above $90 a barrel, up from less than $72 at the beginning of the month, around the level seen before the conflict with Iran began. This is a dance investors have become all too familiar with this year, but that doesn’t mean it is one we are getting comfortable learning the steps to. Higher oil prices add to inflation concerns, pushing government bond yields higher and reducing ... (full story)
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