A drop in global debt market rates and weak G10 currencies support gold uptrend
The gold uptrend, as it was expected, managed to drive the price back above level $1600 per ounce, but it was not because of the fundamental support, it was rather despite it. The precious metal seems to be rising amid the uncertainty about the impact the coronavirus outbreak should make on the global economy, but the real reason is basically much more complicated. Trying to mitigate the negative effects of the epidemic, the central banks are easing monetary policies, pressing down the currencies.
ETF gold holdings have...
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