9:15 AM · 1 July 2020

Gold soars to fresh highs

Gold prices keep climbing during the first trading session of July. Prices are closing in on the 2012 high – just below $1800, and are up 56% since August 2018. Monetary policy seems to be the key driver here – expanding central balance sheets exert upward pressure on many assets and gold is up despite upbeat sentiment on indices.

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Commodities

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