Gold is in the midst of a succinct bull market following a 15.36% gain since the turn of the year as global currencies.
In reality, we must acknowledge that we are living now in the Greater Depression of 2020! The descriptor of “greater” than that utilized for the Great Depression of the 1930s is appropriate, because.
The commercials are producers who sell their gold and the broker-dealers who are hedged. Note that commercials are down.
During the previous trading session, the XAU/USD exchange rate dropped to the monthly S1 at 1,679.34. During Monday morning,
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Jolly, The gold price was fixed for most of that period. It was only when the US gold fix ended in 1971 that it was allowed to float. Gold bull markets occur in times of crisis an.