31 days ago • Posted by William Ramstein

Spot gold prices continue rising near $1,850

Bond yields dropped, US retail stalled, and Asia grapples with a spike in covid cases. Investors may be warming up to the precious metal again, with hedge fund managers increasing their net bullish gold bets to the highest in three months, while data compiled by Bloomberg show holdings in bullion-backed exchange traded funds climbed for a sixth straight day.

Source: Bloomberg