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5 reasons why 2019 has been gold’s time to glitter
June was a good month for gold, which made for a strong first-half of the year for the precious metal. The price of gold GCQ19, +1.22% rose 10% from $1,280.30 per ounce at the end of 2018 to $1,409.00 at the end of last week. Gold jumped 9% in June (Fig. 1). It finished the month at its second-highest level since May 2013, but still 26% below its record high of $1,895.00 in September 2011. Gold has also rallied strongly so far this year relative to the euro EURUSD, +0.1329% (10%), British pound GBPUSD, -0.3086% (9%), and Japanese yen USDJPY, -0.39% (8%). So not surprisingly, gold is up 9% so far this year relative to ... (full story)