After last Friday’s all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell’s milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and Bitcoin.
Spot gold kicked off last week trading above $2,080 per ounce, and it never sniffed that level again as it spiked above $2,119 on Monday, $2,135 on Tuesday, $2,150 on Wednesday, and $2,162 on Thursday, before setting the new high-water mark of $2,195.23 shortly after noon EST on Friday.
The latest Kitco News Weekly Gold Survey showed last week’s bullish sentiment has fully taken hold on Wall Street...
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