34 days ago • Posted by William Ramstein

Gold sees third straight week of gains on weaker greenback

Gold keeps gaining this week with the US Dollar trending south. Traders have mostly ignored Federal Reserve minutes that is considering a tapering of bond purchases. Bullion gold is selling at its highest level in more than four months amid rising inflation expectations. Holdings in ETF backed by gold have resumed a northern climb. Some suggest that a drop in BTC could be linked to a rise in Gold but this might be false considering that losses were made this week versus a rotation from BTC to gold.

Source: Bloomberg