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.
Daily Summary: Powell pulls markets back up! 📈 EURUSD higher
WTI Crude Plunges Over 2% to Lowest Level Since May
Coffee Futures Soar 5%, Break 400 Cents per Pound
Technical look: Gold falls from the record high🔔